World
News
Newswires,
Newsfeeds, PR News, News Media wires
X
News
Blog
Media
Man World Blog
Las
Vegas: News
Cryptos,
Markets and Culture
Friday
Into The Weekend Edition!
October
3/4, 2025
Cryptos
Today: (Near Live)
Bitcoin
$122,667.92 +2.23%
Ethereum $4,506.29 +0.60%
Tether $1.0005 flat
Binance Coin $1,177.34 +7.54%
XRP $3.0270 +0.11%
Solana $230.17 -0.54%
USDC $0.9996 flat
TRON $0.3408 -0.88%
Dogecoin $0.2542 - 1.31%
Cardano $0.8572 -0.14%
Market
bullish! Mood joyful
News
October
3, 2025
Markets
(Sydney to New York)
Australian
Dollar: $0.6590 USD (down $0.0020 USD)
Iron Ore: $103.40 USD (down $0.20 USD)
Oil: $60.68 USD (down $1.12 USD)
Gold: $3,856.37 USD (down $9.29 USD)
Copper: $4.9540 USD (up 0.0595 USD)
Bitcoin: $120,564.31 USD (up 2.56%)
Dow Jones: 46,519.72 (up 78.62 points)
Stocks
Media
Man Favs:
TKO
Group $197.35 -0.65 -0.33%
Formula One Group Series C $104.83 +0.68 +0.65%
NVIDIA Corp $187.62 -1.32 -0.70%
Alphabet Inc Class A $245.35 -0.34 -0.14%
News Corp Class A $28.38 -0.17 -0.60%
Netflix Inc $1,153.32 -9.21 -0.79%
Caterpillar Inc $497.85 +7.28 +1.48%
Trump Media & Technology Group Corp $17.34 +0.14
+0.81%
Tesla Inc $429.83 -6.17 -1.42%
Walt Disney Co $112.47 +0.33 +0.29%
Wynn Resorts Ltd $123.66 -9.68 -7.26%
Meta Platforms Inc $710.56 -16.49 -2.27%
BHP Group Ltd $42.08 +0.14 +0.33%
Mercedes Benz Group ADR $16.24 +0.18 +1.11%
News
Crypto
October
2
The
cryptocurrency market soared to extremes
Market
Overview
The
cryptocurrency market capitalisation soared by 4%
over the past day to $4.07 trillion. The capitalisation
has soared into the extreme zone, above which it
was only briefly in mid-August and mid-September.
Cryptocurrency
investors are convinced that the US government shutdown
is not dampening risk appetite, and macroeconomic
data is pushing the Fed to ease its policy further.
The
sentiment index rose to 64 (greed), reaching its
highest level in the last six weeks. However, the
index is far from extreme greed, leaving significant
potential for further strengthening.
On
Thursday morning, Bitcoin exceeded $118K, surpassing
the previous highs, which indicates an important
technical breakthrough of the established range.
The next step could well be an attempt to update
historical highs approaching $125K. At the same
time, it is worth paying attention to the activity
of long-term sellers, who have been actively selling
near these levels since July: we may see a new episode
of selling on the rise.
News
Background
The
total supply of stablecoins grew by a record $45
billion in the third quarter, according to http://CEX.io.
At the same time, 69% of the ‘printed’
volume was issued on the main Ethereum network.
According
to CryptoQuant, the growth in the supply of stablecoins
creates a powerful foundation for a bull market.
Historically, Bitcoin has rallied not only in October
but throughout the last quarter of the year.
The
main factors that could trigger a crypto market
rally in the fourth quarter could be changes in
digital asset regulation in the US and expanded
access to the crypto market through products on
stock exchanges, according to Grayscale.
The
total Bitcoin reserves of Japanese company Metaplanet
reached 30,823 coins, placing it in fourth place
among all corporate BTC holders.
According
to Onchain Lens, Tether, the issuer of USDT, has
replenished its Bitcoin reserve with 8,889 BTC worth
$1 billion. Since May 2023, the company has been
allocating 15% of its net profit to the purchase
of BTC as part of its long-term asset diversification
strategy.
Stani
Kulechov, founder of leading lending platform Aave,
said lower interest rates by global central banks
will create favourable conditions for yield growth
in the DeFi sector and may drive renewed interest
in decentralised finance. (FxPro)
News
Oct
3
ASX
rallies 1.1pc as miners and CBA jump
The
Australian sharemarket posted a strong gain on Thursday,
with the S&P/ASX 200 adding 1.1 per cent to
close at 8,945.9 points. BHP rose 1.1 per cent to
$41.94, Westgold Resources was up 8.3 per cent at
$5.37 and the Commonwealth Bank finished 1.7 per
cent higher at $169.82. However, profit-taking saw
DroneShield fall 9.8 per cent to $5.18 following
a rally in recent days, while REA Group was down
1.9 per cent at $224.99. (RMS)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group
Dream Match Series; Crack The Code!
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The
Streets
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr H
Cesaro vs Rollins
Dirty Dom vs Mr AAA
Punks vs Egos
Kross vs H
L. Murdoch
Title vs Title
Mr Black Coffee vs Mr Claudio's Cafe Blend
Mr Warner vs Mr Netflix: Broadway draw thus far!
Re-match! Winner take all?!
TMZ vs Riddle
UFC vs PFL
The Oracle vs Cincinnati, Ohio
Mr X vs Hollyweird
Succession vs Billions
Mouse House vs Art House
NFL vs UFL
ABC vs Mainstream Aussies
Reigns vs Blanka
Cody Rhodes vs Joe
E. Honda vs NJPW
Capcom vs Warner
Cena vs ACME
Combat Sports Players vs Father Time
NXT vs TNA Wrestling (Showdown, not Invasion)!
News
Cryptocurrency
Movies
Documentaries
The
Rise and Rise of Bitcoin (2014) Follows early Bitcoin
adopter Daniel Mross, exploring Bitcoin’s origins,
its volatile rise, and the community behind it.
Great for understanding Bitcoin’s early days
and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019) A crime thriller starring Beau Knapp, Luke
Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Flashback
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Bullish
is a mindset"
Markets
October
1, 2025
Sydney,
Australia
ASX
futures down 5 points or 0.1% to 8868
Wall
Street: S&P 500 +0.4%, Dow Jones +0.2%, Nasdaq
+0.3%
Europe:
Stoxx 50 +0.4%, FTSE +0.5%, DAX +0.6%, CAC +0.2%
Bitcoin
+0.3% to $US114,743
Gold
+0.7% to $US3858.98 per ounce
US
oil -1.6% to $US62.46 a barrel
Brent
crude -1.4% to $US67.02 a barrel
Iron
ore +0.5% to $US103.55 per tonne
10-year
yield: US 4.15% Australia 4.29% Germany 2.71%
Cryptocurrency
News, Fintech, Blockchain, Media
September
29, 2025
Cryptos
Today: (Near Live)
Bitcoin
$114,160.79 +1.91%
Ethereum $4,222.43 +2.12%
Tether $1.0005 -0.02%
XRP $2.8938 +1.08%
Solana $214.06 +2.03%
TRON $0.3372 +0.45%
Dogecoin $0.2369 +0.18%
News
September
29, 2025
Crypto
market attempts to form a double bottom
Market
Overview
The
crypto market has been gaining since the start of
the day on Friday, adding 3.5% during this time
to $3.85 trillion, but still 1.3% below the level
of a week earlier.
The
rebound is coming from roughly the same levels as
in early September. Once again, altcoins are recovering
stronger than BTC. Such outperformance in the early
stages of recovery often indicates the future winners
of the race, which in this case are altcoins.
The
sentiment index fell to 28 on Friday but recovered
to 50 by Monday. The approach to the extreme fear
zone seems to have activated optimists, who began
to buy back the drawdown. However, cautious traders
will likely prefer to wait for the results of the
50-day moving average test, which is currently passing
through $3.92 trillion.
At
the end of last week, Bitcoin found support at 109,000.
It was bought at roughly the same levels as the
end of August and even slightly higher, which is
positive for the bulls. On the other hand, September's
local high is lower than the previous one, which
generally indicates a decrease in volatility and
a stronger movement towards a breakout beyond the
$108-118K range. Movements within the range can
give many false short-term signals.
News
Background
Santiment
has recorded a surge in mentions of “buy on
dip,” which may indicate the likelihood of
an imminent rebound. In addition, whales continue
to accumulate BTC, and the supply of Bitcoin on
exchanges is declining.
However,
Glassnode warns of a continued correction, given
growing selling pressure from long-term holders
and declining institutional demand for ETFs. The
first Ethereum ETF with a staking feature from REX
Shares and Osprey Funds has launched in the US.
Investors will receive monthly payments for supporting
the ETH network. Applications from BlackRock and
Fidelity are still being reviewed by the SEC.
Ethereum
has begun to show signs that a local bottom has
likely been reached, notes analyst Mikybull Crypto.
The RSI oscillator on daily charts has fallen to
its lowest levels since April, when ETH was trading
around $1,400.
According
to the Wall Street Journal, US regulators are investigating
cases of potential insider trading involving companies
that accumulate cryptocurrencies in their reserves.
The SEC and FINRA have already sent inquiries to
a number of companies.
Rating
agency Moody's warns that the rapid expansion of
cryptocurrencies’ use in developing countries,
including stablecoins, poses risks to monetary sovereignty
and financial stability. (FxPro)
News
September
25, 2025
The
crypto market is digging deeper
Market
Overview
The
crypto market capitalisation has fallen to a nearly
three-week low of $3.83 trillion, falling deeper
below its 50-day moving average. However, similar
declines at the end of June and the end of August
only encouraged buyers. On Thursday morning, Bitcoin
wiped out the previous day's gains, while major
altcoins, Ethereum, and Solana, have been declining
for the fifth trading session in a row.
The
sentiment index at 44 barely touches the fear zone,
preventing us from talking about a full-fledged
reversal in sentiment. Nevertheless, we are once
again turning our attention to crypto as an early
indicator of risk appetite. Altcoins, as well as
small currencies of developed countries, have been
losing ground since the Fed cut rates a week ago,
and key US indices have joined them since Tuesday.
On
Wednesday, Bitcoin unsuccessfully attempted to storm
the 50-day moving average. Earlier, BTCUSD fell
out of the upward channel that had been forming
since early September. These are all signs of a
deeper dive ahead, potentially into the $104-107K
range.
News
Background
Bitcoin's
implied volatility has fallen to its lowest level
since 2023. Blockchain data points to a “calm
before the storm,” according to XWIN Research.
The last time this happened, it was followed by
explosive growth.
CoinW
also calls the situation “the calm before the
storm.” Negative funding rates, seasonal trends,
and inflows into institutional ETFs tip the odds
in favour of growth. According to CoinGlass, Bitcoin
has strengthened in October in 10 of the last 12
years.
If
US inflation turns out to be moderate, the Fed's
rate will be further reduced, and the amount of
liquidity in the market will increase. According
to QCP Capital, this factor will be the main driver
of Bitcoin's growth in October.
However, JPMorgan CEO Jamie Dimon believes that
the Fed is unlikely to cut its key rate. He sees
factors that are more likely to cause inflation
to rise than fall.
SkyBridge
Capital founder Anthony Scaramucci confirmed his
previous forecast that Bitcoin will reach its target
of $150,000 by the end of the year. In his opinion,
November-December is the most favourable period
for buying BTC.
Pantera
Capital CEO Dan Morehead said BRICS countries, including
Russia and China, view Bitcoin as a tool for de-dollarisation.
In his opinion, these countries will prepare to
create state Bitcoin reserves and their own Bitcoin
ETFs. (FxPro)
News
Blockchain
News
1.
SWIFT Announces Blockchain-Based Overhaul for Global
Payments
The
Society for Worldwide Interbank Financial Telecommunication
(SWIFT), which handles millions of daily transactions,
is integrating a blockchain-based ledger into its
infrastructure. This move aims to enhance interoperability
and speed, with top global banks collaborating on
the project.
In
response to rising stablecoin competition, SWIFT's
update could accelerate tokenized asset adoption.
Industry experts see this as a pivotal step toward
hybrid traditional-fintech systems.
Related
buzz: Qatar National Bank (QNB) has adopted JPMorgan's
blockchain platform for instant USD payments in
the Middle East, building on its prior Ripple partnership
for cross-border efficiency.
2.
Institutional Momentum:
BlackRock's
Bitcoin ETF Expansion and Treasury PlaysBlackRock
filed for a Bitcoin Premium Income ETF, extending
its dominance beyond the $87 billion iShares Bitcoin
Trust. This signals growing mainstream interest
in yield-generating crypto products.
Anthony
Scaramucci-backed Hivemind Capital launched a $550
million fund to acquire digital tokens on the Avalanche
blockchain—the first of its kind for on-chain
treasuries.
However,
institutional Bitcoin acquisitions have slowed sharply,
with treasuries scaling back amid market volatility.
Analysts predict a potential cycle dip mirroring
2017, with $200K BTC targets if liquidity holds.
3.
Regulatory and Government Advances
Nasdaq
proposed rule changes to tokenize equity securities
and exchange-traded products, potentially unlocking
billions in on-chain capital markets.
The
SEC is drafting an "innovation exemption"
to fast-track digital asset product approvals, while
U.S. lawmakers push to include crypto in retirement
plans.
Stablecoin
legislation is also advancing in Congress.
Globally,
Kyrgyzstan plans to migrate government services
on-chain by 2028, and the Philippines is exploring
blockchain post-corruption protests.
Fnality,
a blockchain payment firm, raised $136M from major
banks for real-time settlements.
4.
Tech Innovations and Ecosystem GrowthAmadeus Protocol
unveiled the world's first "thinking blockchain,"
converting mining power into AI intelligence via
unique Proof-of-Work (uPoW).
Solana
developers are debating removing block limits after
the Alpenglow upgrade to boost capacity for high-performance
validators.
Layer-1
blockchains are solidifying as crypto's backbone,
with tokenized assets and stablecoin rules testing
their scalability.
AGII
launched optimization engines for reliable blockchain
automation in Web3.
In
gaming and RWAs:
OFA
Group's real-estate tokenization platform with Blockchain
App Factory, and AAA's document-authentication pilot
using Integra Ledger.
5.
Market Sentiment and Warnings
Bitcoin's
upward grind continues, but analysts flag 10-20%
pullbacks and a possible financial crash by late
September tied to global M2 liquidity.
XRP
ETF speculation is heating up, with bearish trader
bets amid approval rumors.
Broader
trends: Korea Blockchain Week (through Sep 28) featured
exchange partnerships and regulatory updates. Decentralized
apps like Bitchat surged in Madagascar during protests.
News
Flashback
September
24, 2025
BTC
Calm Breaks as Bulls Face Resistance
Digital
assets have been hit by one of the biggest sell-offs
since the beginning of the year. According to Coinglass,
1.5 billion dollars in long positions were liquidated
at the start of this week. Bitcoin fell from its
monthly highs due to a revision of market views
on the fate of the federal funds rate, the strengthening
of the US dollar, and concerns about a decline in
demand.
Corporations
have accumulated $116 billion worth of Bitcoin and
have become serious players in the market. The fall
in their shares, coupled with Nasdaq's requirement
for shareholder approval of new issues, has created
real panic. If these financial institutions find
it difficult to raise funds through securities issues,
demand for digital assets will fall, and prices
will also drop.
Optimists
believe that this is not the case. There are also
specialised exchange-traded funds and the resumption
of the Fed's monetary policy easing cycle is likely
to increase demand for Bitcoin ETFs. The outflow
of capital from money market funds will also play
a role. Reserves increased to a whopping $7.7 trillion
in 2025. The average yield was 4.1%, which is significantly
higher than the average 0.6% on bank deposits. As
the federal funds rate declines, yields will fall,
and money will flow into other ETFs, including those
related to cryptocurrency.
Investors
believe that over time, the link between US stock
indices and Bitcoin will be restored. However, while
US stocks have such an important growth driver as
artificial intelligence technology, Bitcoin does
not. Companies from the S&P 500, especially
tech giants, regularly report positive corporate
reports. Interest in cryptocurrency purchases by
corporations, on the contrary, is falling.
The
cryptocurrency market is prone to extremes. The
highest derivative bets are concentrated at the
95,000 and 140,000 levels. This means that after
a long period of calm, investors are expecting to
see a real storm. Much will depend on the ability
of Bitcoin bulls to overcome important resistance
levels at 113,500 and 115,000. If they succeed,
there will be a chance to restore the uptrend. Failure
will increase the risks of a Bitcoin correction.
(FxPro)
News
Best
Quotes Of The Day
Cryptocurrency
“Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme.”
– Naval Ravikant, former CEO of AngelList
“We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error.“
– Tyler Winklevoss, co-CEO of Gemini
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." —John McAfee,
Founder of McAfee Associates
“There
are 3 eras of currency: Commodity based, politically
based, and now, math-based.“ – Chris Dixon,
Venture Capitalist at Andreesen Horowitz
“As
the value goes up, heads start to swivel and skeptics
begin to soften. Starting a new currency is easy,
anyone can do it. The trick is getting people to
accept it because it is their use that gives the
“money” value.“ - Adam B. Levine,
CEO of Tokenly
“Trading
Bitcoin is like trading Apple, Amazon, Google, or
Facebook a decade ago. The more you obsess over
timing the market, the more mistakes you make. They
were all technology networks that were dominant
& destined to grow.” - Michael Saylor,
Former CEO of MicroStrategy
"Whereas
most technologies tend to automate workers on the
periphery doing menial tasks, blockchains automate
away the center. Instead of putting the taxi driver
out of a job, blockchain puts Uber out of a job
and lets the taxi drivers work with the customer
directly." - Vitalik Buterin, Co-Founder of
Ethereum
"The
Latin American countries where you have this combination
of inflation or hyperinflation cycles – deflation
as well – and then you have very high friction
for financial transactions, a high percentage of
people who are unbanked, cryptocurrencies make total
sense." – Fred Thiel, CEO of Thiel Advisors
& Marathon Digital Holdings
“…we
know gold is a $12 trillion asset, bitcoin’s
about a 10th of gold. Could they be half of gold?
At one point, Sure, it could … And at some
point, it will be larger than gold… that money
is finding its way to Gen Z and Millennials, and
they feel much more comfortable with digital gold
than old clunky gold.” - Mike Novogratz, CEO
of Galaxy Digital
“If
you don't believe me or don't get it, I don't have
time to try to convince you, sorry.” - Satoshi
Nakomoto, Founder of Bitcoin
Casino/Gaming/Hotels
News,
Background, Stockmarket
Markets/Trades:
Near Live
September
26, 2025
New
York, USA
MGM
Resorts International $35.60 +1.12 +3.25%
Wynn
Resorts Ltd $128.97 +3.13 +2.49%
Las
Vegas Sands $54.01 +0.95 +1.79%
Boyd
Gaming Corporation $85.94 +1.45 +1.72%
Caesars
Entertainment, Inc. $27.04 +1.13 +4.36%
Red
Rock Resorts, Inc. $61.73 +1.75 +2.92%
Hilton
Grand Vacations Inc. $43.49 +0.59 +1.38%
PENN
Entertainment, Inc. $19.80 +0.26 +1.33%
Light
& Wonder, Inc. $84.96 +0.30 +0.35%
News
Bonus
NVIDIA
Corporation (NVDA) $178.19 +0.50 +0.28%
TKO
Group $199.04 +3.25 +1.66%
Casino
News
Casino:
a public room or building where gambling games are
played. "He was a keen gambler and often went
to casinos". A facility for gambling. Casinos
are often built near or combined with hotels, resorts,
restaurants, retail shopping, cruise ships, and
other tourist attractions.
Some
casinos are also known for hosting live entertainment,
such as stand-up comedy, concerts, and sporting
events. The term casino is of Italian origin, from
the root word casa meaning "house." Originally,
the term referred to a small country villa, summerhouse,
or social club. During the 19th century, casino
came to encompass other public buildings where pleasurable
activities took place.
The
precise origin of gambling is unknown, but it is
believed to have existed in nearly every society
in history. The first known European gambling house,
the Ridotto, was established in Venice, Italy, in
1638 to provide controlled gambling during the carnival
season. In the United States, early gambling establishments
were known as saloons. In the early 20th century,
gambling was outlawed in the U.S. by state legislation.
However, in 1931, gambling was legalized in Nevada,
leading to the rise of Las Vegas as a major gambling
center. In 1976, New Jersey allowed gambling in
Atlantic City, which is now the second-largest gambling
city in the U.S.
Casinos
offer a variety of games of chance, which in some
cases involve an element of skill. Common games
include craps, roulette, baccarat, blackjack, and
video poker. All casino games have a mathematically
determined advantage for the house, known as the
house edge, which ensures that the casino will make
a profit in the long run. The percentage of funds
returned to players as winnings is known as the
payout. Slot machines have become one of the most
popular forms of gambling in casinos. The design
of a casino, including factors like sound, odour,
and lighting, is often carefully controlled to encourage
gambling.
News
WWE
and UFC Themed Slot Games Continue To Build Upon
Popularity; TKO Beancounters See Strong Merit; No
Official Betting On TKO's/WWE Action Pro Wrestling
Match Outcomes! UFC MMA Match Betting Remains Bullish!
UFC themed 'The Smashing Machine' movie gets strong
industry and fan reviews; UFC/MMA themed movie 'Brawler'
still happening; Tipped to be a big hit in Vegas
(Media Man Group/Casino News Media)
News
New
York City's Casino License Race Heats Up:
Manhattan
Proposals Rejected, Yonkers and Queens Advance
All
three proposed casino projects in Manhattan have
been voted down by local community committees, including
the high-profile $11.2 billion Freedom Plaza bid
near the UN headquarters, operated by Mohegan and
developer Stefan Soloviev. This leaves no casino
developments in Manhattan for now.
On
a positive note, MGM Resorts' $2.3 billion expansion
of Empire City Casino in Yonkers and Genting Group's
$5.5 billion Resorts World upgrade in Queens received
key approvals from advisory panels on September
25, moving them to the state licensing board. Developers
are promising billions in community investments,
jobs, and infrastructure to sway officials.
Social
buzz: X users are debating the economic impact,
with some calling it a win for suburban gambling
hubs over urban congestion.
Michigan
Cracks Down on Unlicensed Online Casinos
The
Michigan Gaming Control Board issued cease-and-desist
orders to eight unlicensed online operators targeting
residents, emphasizing risks to player data and
fair play. This aligns with broader U.S. enforcement
trends under state laws like the Lawful Internet
Gaming Act.
Boom
in New Online and Sweepstakes Casinos for U.S. Players
September
2025 has seen a surge of fresh platforms, with experts
ranking sites like Ignition, Jackbit, Wild io, BitStarz,
and Rakebit for their fast payouts, crypto support,
and bonuses up to $1,000 match + free spins. New
sweepstakes options include LoneStar Casino (500+
games, 100K Gold Coins no-deposit bonus), Sixty6
(1,500 slots), and Rich Sweeps (5,000-game launch).
Standouts
for social/sweepstakes play: GameDayZone (NFL-timed
debut), Shuffle us (spin-off from Shuffle dotcome),
and Sweeps Royal (mobile-first with generous promos).
These focus on no-purchase entry, quick redemptions,
and AI personalization.
Other
Notable Stories
Tragic
NFL Shooting Linked to CTE: Shane Tamura, a Las
Vegas casino worker, was revealed to have chronic
traumatic encephalopathy (CTE) after fatally shooting
four at NFL headquarters in July, blaming the league
for hiding head injury data.
Mining
Stocks Tie-In: Casino-adjacent sectors like mining
(key for casino construction materials) saw gains,
with BHP up 1.32% to $42.22 on September 26.
For
more details follow X handles like
@casinonewsmedia
Casino,
Gaming and Hotel Stocks
Markets/Trades
September
21, 2025
New
York, USA
MGM
Resorts International $35.80 -0.14 -0.39%
Wynn
Resorts Ltd $129.52 +0.84 +0.65%
Las
Vegas Sands $53.87 +0.66 +1.24%
Boyd
Gaming Corporation $83.30 Flat
Caesars
Entertainment, Inc. $25.56 -0.84 -3.18%
Red
Rock Resorts, Inc. $60.76 -0.23 -0.38%
Hilton
Grand Vacations Inc. $44.53 -0.35 -0.78%
PENN
Entertainment, Inc. $19.09 -0.12 -0.62%
Light
& Wonder, Inc. $87.28 -0.94 -1.07%
News
Bonus
Prices:
Near Live!
NVIDIA
Corporation (NVDA) $176.60 +0.20% +0.36
News
MGM
CEO says Dubai casino approval still pending as
2028 resort construction advances
MGM
Resorts International has yet to receive approval
to operate a casino at its upcoming $2.5 billion
integrated resort in Dubai, CEO Bill Hornbuckle
said, despite earlier expectations that a decision
would have been made by now.
“I
thought by now, Abu Dhabi would have ruled on what
they were doing,” Hornbuckle said during a
recent industry conference, referring to the anticipated
regulatory green light. “There’s a lot
of dialogue around that.”
The
resort, currently under construction on a 25-acre
artificial island near Jumeirah Beach and the Burj
Al Arab, is being developed in partnership with
the government-owned Wasl group. It will feature
MGM Grand, Bellagio, and Aria-branded hotels, along
with a 250,000-square-foot podium that has been
purpose-built to accommodate a casino should regulatory
conditions allow.
While
a federal gaming regulator, the General Commercial
Gaming Regulatory Authority (GCGRA), was established
in recent years to oversee commercial gambling activities
across the UAE, the final decision to authorize
casino operations remains with the rulers of individual
emirates.
Hornbuckle
noted that the company is still waiting on an official
directive from Dubai’s leadership. “We
don’t have permission yet from the ruler of
Dubai to go forward,” he said. “I don’t
know when we’ll hear, but I do believe this
... If this gets a casino, and I believe it will
over time, we think it’s a massive opportunity.”
MGM
submitted its license application to the GCGRA in
September 2024. Any future approval would likely
involve both federal coordination and local consent.
The GCGRA is currently chaired by Jim Murren, MGM’s
former CEO.
Meanwhile,
competition in the UAE's nascent casino sector is
heating up. Wynn Resorts is preparing to open the
country’s first casino at its upcoming property
in Ras Al Khaimah.
Scheduled
for a 2027 launch, the resort on Al Marjan Island
will likely be the UAE’s only licensed casino
at the time of opening, according to Wynn CEO Craig
Billings. He said last month that he anticipates
it will be “the first and only casino in the
country.”
Wynn
has also expanded its footprint in Ras Al Khaimah
by acquiring an additional 70 acres of land, raising
speculation of a potential second property in the
emirate. Analysts estimate that the UAE gaming market
could generate annual revenues of up to $8 billion,
while Wynn has projected figures closer to $5 billion.
Despite
Wynn’s confidence in securing a dominant position,
sources cited by Arabian Gulf Business Insight suggest
that other operators may eventually receive licenses,
casting doubt on the prospect of a long-term monopoly.
News
Lead
Up ...
Casino,
Gaming and Hotel Stocks
Markets/Trades
September
16, 2025
New
York, USA
MGM
Resorts International $35.36 -0.28 -0.79%
Wynn
Resorts Ltd $120.68 -2.17 -1.77%
Las
Vegas Sands $51.86 -1.23 -2.32%
Boyd
Gaming Corporation $82.15 -1.32 -1.58%
Caesars
Entertainment, Inc. $25.58 -0.32 -1.24%
Red
Rock Resorts, Inc. $59.71 -1.37 - 2.24%
Hilton
Grand Vacations Inc. $45.45 -0.100 -0.22%
PENN
Entertainment, Inc. $18.92 +0.090 +0.48%
Light
& Wonder, Inc. $88.69 -1.74 -1.92%
News
Bonus
NVIDIA
Corporation (NVDA) $174.84 -2.91 -1.64%
Lead
Up
24
hours ago approx
Markets/Trades
September
15, 2025
New
York, USA
MGM
Resorts International $35.64 +1.09 Today +3.15%
Wynn
Resorts Ltd $122.85 +1.40 Today +1.15%
Las
Vegas Sands $53.09 -0.41 -0.77%
Boyd
Gaming Corporation 83.47-1.03 -1.22%
Caesars
Entertainment, Inc. 25.90 +0.81 +3.23%
Red
Rock Resorts, Inc. 61.08 -0.01 -0.02%
Hilton
Grand Vacations Inc. 45.55 +0.34+ 0.75%
PENN
Entertainment, Inc. 18.83 -0.78 -3.98%
Light
& Wonder, Inc. 90.43 +1.36 + 1.53%
News
Bonus
NVIDIA
Corporation (NVDA) 177.75 -0.07 -0.04%
Markets,
Crypto and Culture
September
15, 2025
Sydney,
Australia
Markets
ASX
futures down 59 points/0.7% to 8804
Wall Street:
S&P 500 -0.1%
Dow Jones -0.6%
Nasdaq +0.4%
Europe:
Stoxx 50 +0.1%
FTSE -0.2%
DAX flat
CAC flat
Bitcoin
-0.1% to $US115,849
Gold
+0.3% to $US3643.14 per ounce
Oil +0.5% to $US62.69 a barrel
Brent crude oil +0.9% to $US66.99 a barrel
Iron ore +0.4% to $US105.90 per ton
10-year yield:
US 4.06%
Australia 4.21%
Germany 2.71%
News
Cryptos
Today: (Near Live)
Bitcoin
$116,036.73 USD +0.28%
Ethereum $4,624.75 USD -0.60%
Tether $0.9998 USD +0.14%
XRP $3.04 USD -2.20%
BNB $933.05 USD +0.18%
Solana $243.15 USD +1.40%
TRON $0.3491 USD +0.06%
Dogecoin $0.2799 USD -3.15%
Market
Cautious, Mood/vibe rising!
Magnificent
7, Markets, Stocks
Current
Trades
New
York/Wall Street
September 12, 2025
TKO
Bullish Friday Leading Into Weekend; TKO Bullish
Heading To Mad Monday Off WrestleMania 43 Saudi
News: Media Man Edition!
Netflix
Inc $1,188.44 -15.06 -1.25%
Alphabet Inc Class A $240.80 +0.43 +0.18%
NVIDIA Corp $177.82 +0.65 +0.37%
http://Amazon.com Inc $228.15 -1.80 -0.78%
Apple Inc $234.07 +4.04 +1.76%
Meta Platforms $755.59 +4.69 +0.62%
Tesla $395.94 +27.13 +7.36%
Microsoft Corp $509.90 +8.89 1.77%
Bonus:
TKO
Group $202.44 +0.060 0.030%
News
TKO
Group: News
September
13, 2025
Jones
Financial Companies Lllp Acquires 77,883 Shares
of TKO Group Holdings, Inc. $TKO
Jones
Financial Companies Lllp significantly increased
its stake in TKO Group Holdings by 149,775%, now
owning 77,935 shares valued at approximately $11.9
million.
Several
institutional investors, including Vanguard and
Invesco, have also raised their stakes in TKO Group,
indicating a strong interest in the company, which
is now 89.79% owned by institutional investors.
TKO
Group recently declared an increased quarterly dividend
of $0.76, up from $0.38, reflecting a strong return
for investors despite a high dividend payout ratio
of 125.62%.
Jones
Financial Companies Lllp increased its position
in shares of TKO Group Holdings, Inc. (NYSE:TKO
by 149,775.0% during the 1st quarter, according
to the company in its most recent 13F filing with
the Securities and Exchange Commission. The institutional
investor owned 77,935 shares of the company's stock
after acquiring an additional 77,883 shares during
the period. Jones Financial Companies Lllp's holdings
in TKO Group were worth $11,909,000 at the end of
the most recent quarter.
Several
other hedge funds and other institutional investors
have also made changes to their positions in the
business. Hemington Wealth Management grew its stake
in TKO Group by 425.0% during the 1st quarter. Hemington
Wealth Management now owns 168 shares of the company's
stock worth $25,000 after buying an additional 136
shares during the last quarter. N.E.W. Advisory
Services LLC acquired a new position in TKO Group
during the first quarter worth $26,000. Sentry Investment
Management LLC acquired a new position in TKO Group
during the first quarter worth $25,000. Bartlett
& CO. Wealth Management LLC acquired a new position
in shares of TKO Group in the first quarter worth
$27,000. Finally, Farther Finance Advisors LLC raised
its holdings in shares of TKO Group by 129.8% in
the first quarter. Farther Finance Advisors LLC
now owns 216 shares of the company's stock worth
$33,000 after acquiring an additional 122 shares
during the last quarter. Institutional investors
and hedge funds own 89.79% of the company's stock.
Insider
Buying and Selling at TKO Group
In
related news, Director Nick Khan sold 45,168 shares
of the company's stock in a transaction on Monday,
July 21st. The shares were sold at an average price
of $170.82, for a total value of $7,715,597.76.
Following the completion of the sale, the director
owned 156,494 shares in the company, valued at $26,732,305.08.
This represents a 22.40% decrease in their position.
The transaction was disclosed in a filing with the
Securities & Exchange Commission. Over the last
90 days, insiders sold 73,725 shares of company
stock valued at $12,767,807. Corporate insiders
own 61.30% of the company's stock.
Wall
Street Analyst Weigh In
TKO
has been the subject of a number of recent analyst
reports. Baird R W raised TKO Group to a "strong-buy"
rating in a research report on Friday, September
5th. Zacks Research upgraded TKO Group from a "strong
sell" rating to a "hold" rating in
a research note on Tuesday, September 2nd. Bank
of America upped their target price on TKO Group
from $200.00 to $210.00 and gave the company a "buy"
rating in a report on Tuesday, August 12th. Robert
W. Baird began coverage on TKO Group in a report
on Friday, September 5th. They set an "outperform"
rating and a $225.00 target price for the company.
Finally, Roth Capital raised their target price
on TKO Group from $208.00 to $210.00 and gave the
company a "buy" rating in a research report
on Tuesday, August 12th. One analyst has rated the
stock with a Strong Buy rating, fourteen have issued
a Buy rating and four have given a Hold rating to
the company's stock. According to data from MarketBeat,
the stock has a consensus rating of "Moderate
Buy" and a consensus price target of $192.21.
TKO
Group Stock Up 0.0%
Shares
of NYSE:TKO traded up $0.09 during midday trading
on Friday, hitting $202.33. 897,072 shares of the
stock were exchanged, compared to its average volume
of 683,611. TKO Group Holdings, Inc. has a 52-week
low of $114.01 and a 52-week high of $204.10. The
business's fifty day simple moving average is $178.94
and its two-hundred day simple moving average is
$165.22. The company has a debt-to-equity ratio
of 0.28, a quick ratio of 1.30 and a current ratio
of 1.30. The company has a market capitalization
of $40.12 billion, a PE ratio of 83.61 and a beta
of 0.79.
TKO
Group (NYSE:TKO) last issued its quarterly earnings
results on Wednesday, August 6th. The company reported
$1.17 earnings per share (EPS) for the quarter,
missing the consensus estimate of $1.23 by ($0.06).
TKO Group had a net margin of 5.40% and a return
on equity of 2.82%. The business had revenue of
$1.31 billion during the quarter, compared to analyst
estimates of $1.23 billion. During the same period
in the prior year, the business posted $0.72 earnings
per share. The company's revenue for the quarter
was up 53.7% compared to the same quarter last year.
As a group, research analysts predict that TKO Group
Holdings, Inc. will post 3.88 earnings per share
for the current fiscal year.
TKO
Group Increases Dividend
The
business also recently declared a quarterly dividend,
which will be paid on Tuesday, September 30th. Stockholders
of record on Monday, September 15th will be paid
a $0.76 dividend. This is an increase from TKO Group's
previous quarterly dividend of $0.38. The ex-dividend
date of this dividend is Monday, September 15th.
This represents a $3.04 dividend on an annualized
basis and a dividend yield of 1.5%. TKO Group's
dividend payout ratio (DPR) is currently 62.81%.
TKO
Group Profile
TKO
Group Holdings, Inc operates as a sports and entertainment
company. The company produces and licenses live
events, television programs, and long-form and short-form
content, reality series, and other filmed entertainment
on digital and linear channels and via pay-per-view.
It is involved in the merchandising of video games,
apparel, equipment, trading cards, memorabilia,
digital goods, and toys, as well as sale of travel
packages and tickets.
News
Mag
7 Markets Lead Up
Trades
New
York/Wall Street
September 9, 2025
TKO
Bullish Friday And Weekend Media Man Edition!
Netflix
Inc $1,263.25 +18.49 +1.49%
Alphabet Inc Class A $239.63 +5.59 +2.39%
NVIDIA Corp $170.76 +2.45 +1.46%
Amazon Dotcom Inc $238.24 +2.40 +1.02%
Apple Inc $234.35 -3.53 -1.48%
Meta $765.70 +13.40 +1.78%
Tesla $346.97 +0.57 +0.16%
Microsoft Corp $498.41 +0.21 0.042%
Bonus:
TKO
Group $196.43 -4.07 -2.03%
News
Lead
Up
New
York/Wall Street
September 5, 2025
TKO
Bullish Friday And Weekend Media Man Edition!
Netflix
Inc $1,243.82 -13.66 -1.09%
Alphabet Inc Class A $235.05 +2.75 +1.18%
NVIDIA Corp $167.02 -4.64 -2.70%
Amazon Dotcom Inc $232.33 -3.35 -1.42%
Apple Inc $239.69 -0.090 -0.038%
Meta $752.45 +3.80 +0.51%
Tesla $350.84 +12.31 + 3.64%
Microsoft Corp $495.00 -12.97 - 2.55%
Bonus:
TKO
Group $194.00 +3.92 +2.06%
TKO
Group Holdings, Inc. is an American sports and sports
entertainment company. Established on September
12, 2023, the public company was formed by a merger
between Endeavor subsidiary Zuffa—the parent
company of mixed martial arts promotion Ultimate
Fighting Championship —and the professional
wrestling promotion World Wrestling Entertainment.
TKO is led by CEO Ari Emanuel and president Mark
Shapiro, both of Endeavor; Dana White and Nick Khan
retained their roles as CEOs of UFC and WWE respectively
upon the merger, while WWE co-founder Vince McMahon
served as executive chairman until resigning from
the company in January 2024 amid a sex trafficking
scandal. The merger marked the first time that WWE
has not been solely and primarily majority-controlled
by the McMahon family, which founded the company
and owned it for over 70 years. As of 2024, the
UFC and WWE were the two most valuable combat sports
organizations in the world according to Forbes.
UFC was listed as the most valued mixed martial
arts company with a revenue of $1.406 billion and
WWE being the most valued professional wrestling
promotion with a revenue of $1.398 billion in 2023.
(Wikipedia)
TKO
owns iconic properties including UFC, the world’s
premier mixed martial arts organization; WWE, the
global leader in sports entertainment; and PBR,
the world’s premier bull riding organization.
Together, these properties reach 210 countries and
territories and organize more than 500 live events
year-round, attracting more than three million fans.
TKO
also services and partners with major sports rights
holders through IMG, an industry-leading global
sports marketing agency; and On Location, a global
leader in premium experiential hospitality. (Credit:
TKO Group)
News
September
2, 2025
Market
regime change: Microsoft weakening whilst Alphabet
strengthens Nvidia and OpenAI have become synonymous
with the AI revolution, each offering its own breakthrough
solutions. This has made Nvidia the most valuable
company on the market. OpenAI remains private for
now. However, the old guard of IT giants, such as
Microsoft and Alphabet, are not standing on the
sidelines of the AI race, although they are conducting
it in different ways, which is affecting their shares
differently.
Microsoft
owns a stake in OpenAI, giving it access to the
latest developments, but integrates them into its
own programmes, including chatbots. For a long time,
betting on Microsoft was an indirect bet on OpenAI
with their well-known ChatGPT. This approach paid
off earlier this year, as the share price recovered
faster than many competitors after the April slump.
From its lows at the start of April to its highs
at the end of July, the stock soared 55%, already
making its way to historic highs since the beginning
of June.
For
a long time, Alphabet shares lagged their competitor
in terms of share price growth over the past five
years. They were also weaker in their recovery after
the April correction, adding 40% to their lows before
peaking at the end of July.
However,
since August, the markets have clearly shifted into
a different mode, with MSFT falling 7.5% against
GOOG's 13% growth. This divergence began even before
the release of GPT-5, the latest model, which faced
widespread criticism from users, forcing the company
to revert to GPT-4, originally announced over two
years ago. Negative sentiment was also fuelled by
comments from OpenAI CEO Sam Altman, who acknowledged
that the market is currently in a bubble due to
inflated expectations.
Google
Gemini is steadily developing and gradually gaining
consumer support due to its convenient integration
into the company's extensive ecosystem. This aspiration
resonates with investors. It seems that market participants
are seeking to diversify their bets on AI agents,
creating demand for Alphabet shares at the expense
of Microsoft.
September
marks the end of the financial year in the US, and
investors often use August and September to switch
to new trends or restart existing ones. September
is historically the worst month for stock indices,
but it can also be a good entry point during a downturn.
It
is only important to understand whether we are seeing
the start of a trend reversal or a temporary correction.
Signals of this should be sought in MSFT's dynamics.
Technically, with the stock trading at $506, it
remains within a corrective pattern as long as it
stays above the $450–$470 range. The upper
bound aligns with last year's peak and the 61.8%
Fibonacci retracement of the rally from the April
lows to the July highs, while the lower boundary
corresponds to the 200-day moving average. A break
below this level would signal a deeper trend reversal.
GOOG
shares are close to local overbought conditions,
as the RSI on daily timeframes is approaching 75,
near which the shares have experienced local corrections
over the past six years. Therefore, there is a high
chance that both shares will soon experience increased
selling pressure; the only question is how deep
this correction will be. (FxPro)
News
Oil
September
3
News
from OPEC prevents oil prices from rising Oil came
under pressure on Wednesday, losing more than 2%
on reports by Bloomberg that OPEC+ plans to raise
quotas again at its next meeting. Last month, the
cartel removed all additional self-imposed restrictions
that major producers such as Saudi Arabia, Russia,
and Kazakhstan had taken on.
This
new move is an open demonstration of the fight for
market share, rather than an attempt to support
prices. First and foremost, it is a fight against
the US, which is actively promoting its energy through
policy, imposing sanctions on oil-producing countries
and including oil and gas purchases in trade deals.
If
the reduction is indeed confirmed, it promises to
be an impressive factor of pressure on quotations,
overturning the upward price trend of the previous
couple of weeks.
Earlier,
oil was supported by a reduction in commercial stocks
in the US and the return of risk appetite to stock
markets, thanks to signals of a September rate cut.
With
its reversal on Wednesday, oil confirmed the strength
of resistance in the form of the 200-day moving
average and the previous consolidation area. Although
oil has exceeded this curve several times over the
past year, it still acts as a trend resistance line.
Three
attempts by Saudi Arabia and its staunch allies
to switch from supporting prices to fighting for
market share in 2008, 2014, and 2020 drove the price
below $30, devaluing it by more than three-quarters.
But in both cases, the increase in production coincided
with an economic and market downturn. This is not
happening now, which supports prices and allows
OPEC+ to increase quotas.
However,
for many countries, increasing quotas is much easier
than increasing production. Countries such as Russia
and Iran cannot simply sell oil and increase production
due to sales restrictions and equipment limitations.
This will keep prices from falling, keeping them
within a downward range rather than turning into
a collapse like we saw in late 2014 and early 2020.
On balance, this supports our previous forecast
for WTI falling to $55 by the end of September and
to $50 by the end of the year, barring any economic
shocks. It could also fall to the $30 range if there
are risks of a looming global recession.
News
Markets
September
5
Australian
and U.S Report
Australian
Dollar: $0.6512 USD (down 0.0028 USD)
Iron Ore: $104.80 USD (up $1.40 USD)
Oil: $63.30 USD (down $0.47 USD)
Gold: $3,545.85 USD (down $13.33 USD)
Copper: $4.5645 USD (down 0.0525 USD)
Bitcoin: $110,467.93 USD (down 1.61%) *Friday 5th
Sept (AUST)
Dow Jones: 45,621.29 (up 350.06 points)
News
September
14
Gold
Price (near live)
$3,641.40
USD +8.20 (+0.23%)
News
Cryptocurrency
September
11
Bitcoin
and Ethereum are racing to the top
Market
Overview
The
cryptocurrency market cap is updating its historical
highs, reaching $4.06 trillion thanks to Bitcoin's
rally since the start of the day on Monday. Altcoins
are mostly staying out of this race for now, taking
a break after last week's rally. This is one of
the few times when a rally in major altcoins has
inspired BTC to break through. It's usually the
other way around.
Bitcoin
is trading above $122K, testing historical highs.
An important area of resistance was around $120K.
For the media, it is formally important to update
the highs, although from a technical point of view,
the breakthrough has already been made. The bull’s
nearest target now looks to be the $135-138K area.
Ethereum
has gained over 21% in seven days and 45% in the
last 30 days, becoming one of the beneficiaries
of recent legislative changes in the United States.
The second-largest cryptocurrency by capitalisation
is trading near $4,300, above which it was for less
than four weeks at the end of 2021, with a historic
peak just above $4,800. We would not be surprised
to see this figure updated in the coming days.
News
Background
The
market received a positive boost from Trump signing
an executive order on retirement savings. The document
instructs the Department of Labour to prepare conditions
for adding cryptocurrencies, private equity and
other alternative assets to 401(k) retirement plans.
According
to Bitwise, corporate treasuries and ETFs have purchased
371,111 BTC since the beginning of the year, which
is 3.75 times more than the amount mined by miners
during the same period.
Retail
investors have also started accumulating. According
to Glassnode, wallets with a balance of up to 100
BTC purchase about 17,000 BTC monthly, which exceeds
the current issuance of 13,850 BTC. The situation
is exacerbated by a rapid decline in liquidity on
OTC platforms, which could trigger a sharp rise
in Bitcoin.
According
to Capriole Investments founder Charles Edwards,
Bitcoin is trading 45% below its ‘energy value’
of $167,800. The indicator determines BTC's fair
value as a function of the amount of energy expended,
the rate of supply growth, and a constant coefficient
reflecting its value in dollars.
The
latest recalculation increased the difficulty of
mining Bitcoin by 1.42% to 129.44 T. According to
Glassnode, the BTC network's hash rate reached a
record high of 1,031 ZH/s.
Ethereum
is growing against the background of increased on-chain
activity. The daily transaction volume on the network
is updating historical highs, and the number of
new addresses is approaching the historical high
reached in May 2021. (FxPro)
News
Best
Quotes Of The Day
"An
investment in ones self is always the best bet"
Greg Tingle, Media Man Group
Mining/Energy/Resources/Culture/Digital
Gold: Australia and World
September
2025
Newsfeed
Sept
9
Gold
rallies to new record as US rate cut bets surge
The
gold price has risen to a new record high of more
than $US3,604 an ounce. The latest spike in the
price of the precious metal has been driven by factors
such as the latest US payrolls and unemployment
data, which have heightened expectations of further
interest rate cutsin 2025. The price of gold has
more than doubled over the last three years, and
Goldman Sachs recently forecast that it could reach
$US5,000 an ounce if the Trump administration's
move to sack Federal Reserve governor Lisa Cook
is upheld by a court. (RMS)
News
Sept
8
Guinea
pressures Rio to build ore refinery
Guinea's
minister of planning and international co-operation,
Ismael Nabe, says his nation wants companies that
are mining its resources to build refineries to
process those resources in his country. These companies
include Rio Tinto, which is behind the $US23.2 billion
($35.5 billion) Simandou iron ore project; it includes
a 650-kilometre rail network and port infrastructure
to service two new mines. Nabe's comments come just
two months before Rio and its Simandou partners
ship their first ore from the mine in November.
(Roy Morgan Summary)
News
Sept
5
MinRes
drivers 'asked to fill out false timesheets'
A
former employee of Mineral Resources has told Western
Australia's WorkSafe that the iron ore miner is
not complying with safety rules on its 148km private
haulage road. The ex-employee contends that truck
drivers are being asked to work 12-hour shifts in
order to meet Mineral Resources' targets for transporting
iron ore from the Ken's Bore mine in the Pilbara
to its export facility. It has also been alleged
that drivers have been "coerced" into
falsifying their timesheets. The company has spent
more than $200m on repairing the road, while there
have been a number of truck crashes and rollovers
since the road opened. (RMS)
News
Shell
plots exit from North West Shelf
Sources
have indicated that energy giant Shell is considering
the sale of its 16.67 per cent stake in the North
West Shelf LNG project. Shell previously decided
to withdraw from the $US30bn ($46bn) Browse LNG
project, which is likely to supply gas to the processing
plant at Karratha in Western Australia to replace
the declining NWS gas fields. Woodside Energy has
a 50 per cent stake in the NWS project, and Shell's
potential exit would allow it to either increase
its own stake or bring new partners into the venture.
(RMS)
News
LNG
export blow as US, Qatar to flood market
Investment
bank Goldman Sachs has forecast that the LNG price
willl fall $US7.35 per million British thermal units
in calendar 2027. This is 42 per cent lower than
in the current quarter. Goldman Sachs notes that
global LNG supply is expected to rise by 50 per
cent to a record 200 million tonnes by the end of
this decade, amid increased production in the US
and Qatar. Australia currently exports about 81
million tonnes of LNG a year, but the US appears
to be on track to ship about 110 million tonnes
in 2025; Qatar is aiming to ramp its LNG output
to a similar level. (Roy Morgan Summary)
News
Bass
Strait partners Mitsui, Woodside, ExxonMobil in
$300m feud
The
Federal Court is to hear a dispute involving Mitsui,
Woodside Energy and ExxonMobil. It involves Mitsui
being asked for a payment of $156.3 million from
ExxonMobil and $141.6 million from Woodside. The
latter two companies are of the view that Mitsui
should make a greater contribution to the petroleum
resource rent tax payable to the federal government
for gas extracted from the Kipper gas field in Bass
Strait. The dispute is linked to a demand from the
Australian Taxation Office for greater payments
of the tax for the period between 2013 and 2017.
Mitsui, which acquired Santos's 35 per cent stake
in the Kipper field in 2016, does not believe it
should be liable for those debts. (RMS)
News
Sept
3
High-grade
threat to Australian iron ore
Australia
exported about $120 billion worth of iron ore from
the Pilbara during 2024-25. However, Vale executive
Rogerio Nogueira contends that Brazil has a key
advantage over Australia because its iron ore is
better suited to beneficiation; this process removes
contaminants such as silicon or alumina to produce
the higher-grade ore that will be needed to make
steel using natural gas or hyrogen instead of coal.
Australia's iron ore miners are already facing the
problem of decline ore grades in the Pilbara. (RMS)
South32
chief in blast over green tape
Diversified
miner South32 battled the bureaucracy for more than
seven years to secure approval to continue operating
its Worley bauxite and alumina business in Western
Australia. Meanwhile, difficulty in gaining approval
for an extension to the Dendrobium coal mine in
the Illawarra region of NSW prompted South32 to
sell the asset in 2024. South32 CEO Graham Kerr
says the Trump administration has made it much easier
to gain environmental approval for US mining projects
compared with Australia. The company is on track
to gain all approvals for its Hermosa critical minerals
project in less than four years; it was the first
project to be added to the FAST-41 list. (RMS)
News
Flashback
September
3, 2025
Medals/Rare
Earths News
Gold
may be targeting $4,500, silver $50 Precious metals
have returned to active growth, pushing the spot
price of gold to $3,490—just $10 below its
historic high of 22 April. Meanwhile, silver has
decisively moved above $40, its highest level in
14 years.
The
news agenda continues to favour metals, with reports
that India is now actively selling US government
bonds, building up its gold reserves. China did
the same before, and Russia even earlier. However,
this may turn out to be nothing more than a glimpse
into the past, cleverly picked up by the global
media. It should also be remembered that years of
net sales of gold reserves did not initially prevent
gold from rallying. This could also work in the
opposite direction: the actions of finance ministers
and central banks may not have a very noticeable
long-term effect.
The
lack of progress on a peaceful settlement between
Russia and Ukraine also helps gold. After months
of virtually empty promises, hopes are gradually
fading.
A
more visible but at the same time short-term factor
is the growing expectation of a Fed key rate cut
in September from 75% on 21 August (before Powell's
speech) to 87% now. This leaves room for the rate
to rise by another 10-13 percentage points, which
is negative for the dollar and positive for commodities.
However,
we recommend paying more attention to the technical
picture now. The gold market has been in a prolonged
sideways trend since reaching highs in April. At
the same time, the bullish scenario is supported
by sluggish resistance from bears in recent days
and a series of higher local lows.
Silver
has been under less pressure from local profit-taking,
gaining in each of the last four months. Platinum
and palladium seem to be ending their corrective
decline, having risen sharply in early September.
This behaviour of precious metals indicates that
traders are serious about this direction, sharply
increasing the chances of new historical highs soon.
Nevertheless,
we urge caution when joining the gold rally in the
coming days. First, reaching historic highs could
trigger widespread selling in gold, as we saw in
April and as is happening with Bitcoin.
If
the breakout above $3,500 does not trigger a sell-off,
as was the case earlier this year, the potential
target is $4,500, close to which the 161.8% Fibonacci
extension level is located.
In
silver, it appears that the bulls are targeting
the area of historical highs near $50.
Platinum
also looks rested and ready to renew its multi-year
highs after a corrective pullback. Its technical
growth potential suggests a rise above $1,800, to
the highs of 2011. However, such ambitious growth
will only become the main scenario if the recent
highs are exceeded and the price rises above $1,500.
(FxPro)
News
Gold
News
August
29, 2025
Gold
approached the upper limit of the 4-month trading
range Gold is trading above $3,400 again at the
end of the week. The upper limit of the trading
range, within which the price has been fluctuating
since April, is close to $3,430. Jerome Powell's
signals about a rate cut, unprecedented pressure
from the White House on the Fed, and the continuing
high level of geopolitical risks have brought the
price back to this level.
Washington's
introduction of 50% tariffs against India risks
further deepening the divide between the West and
the East, as well as the associated processes of
de-dollarisation and diversification of gold and
foreign exchange reserves by central banks in favour
of precious metals.
For
the first time since 1996, central banks hold more
gold (about 25%) than US government bonds (about
20%) in their gold and foreign exchange reserves.
For comparison, between 2008 and 2015, this ratio
fluctuated between 10% and 30%, respectively.
Gold bulls are drawing strength from the dynamics
of the US yield curve. Yields on 2- and 10-year
Treasuries are falling. The market is painting a
stagflationary backdrop, which is the best food
for gold bugs.
Gold's
ability to break through the resistance zone above
$3,430 will be an important signal of the market's
readiness to return to a rally after four months
of tug-of-war. But it is worth being cautious with
early bullish bets at these levels. Formally, there
is now a greater chance of another pullback to the
lower end of the range at $3,300-3,315.
At
the same time, investors should remember that whichever
way the breakout occurs, the subsequent movement
could be very strong, given how long the gold market
has been gathering strength while remaining in a
sideways trend. (FxPro)
News
Australian
Mining: Overview
Economic
Impact: Mining accounts for around 13.6% of Australia's
GDP (2023) and nearly 70% of total export revenue.
It generated $356.6 billion in company tax and royalties
over the past decade. Iron ore, coal, lithium, gold,
and bauxite are among the top exports, with Australia
being the world’s largest producer of lithium,
iron ore, and bauxite, and a top-five producer of
gold, lead, zinc, and nickel.
Key
Regions and Resources:
Western
Australia (WA): The epicenter of Australian mining,
hosting major iron ore, gold, lithium, and nickel
projects. It employed 134,871 full-time-equivalent
workers in 2023-24, with iron ore (62,950 FTEs),
gold (31,884 FTEs), and lithium (11,386 FTEs) leading
employment.
Queensland
(QLD): Contributes $75 billion annually to the economy
and employs over 50,000 people, with high-grade
graphite and rhenium deposits.
New South Wales (NSW): Rich in coal, gold, and copper,
with the Cowal gold mine as the largest. It provides
40,000 jobs and nearly $2 billion in royalties.
Northern
Territory (NT): Home to the world’s largest
manganese mine and one-third of Australia’s
uranium reserves, valued at over $4 billion.
Victoria
(VIC): Known for gold, antimony, and brown coal,
with a strong mining equipment and technology sector.
Tasmania
(TAS): A century-long mineral producer with diverse
geology.
Critical
Minerals and Innovation: Australia is a global leader
in critical minerals like lithium, rare earths,
and manganese, essential for renewable energy and
defense. The industry is adopting automation (e.g.,
driverless trucks), AI, and blue hydrogen to improve
efficiency and reduce emissions. The government’s
$1 billion Value-Adding in Resources Fund aims to
enhance domestic processing.
Environmental
and Social Challenges: Mining faces scrutiny for
environmental impacts, including land destruction,
water pollution, and carbon emissions from fossil
fuel production. ESG (Environmental, Social, Governance)
concerns and commodity price uncertainty are top
risks for 2024. The industry is criticized for low
tax contributions relative to profits (6% of federal
revenue) and benefits from subsidies like the $3.5
billion Fuel Tax Credit Scheme.
Employment
and Ownership: The sector employs about 229,500
people (2% of the workforce), with high median earnings
($2,649/week). However, it’s 86% foreign-owned,
with major players like BHP (76% foreign-owned)
and Rio Tinto (83% foreign-owned) dominating.
Future
Outlook: With 80% of Australia’s mineral potential
unexplored, the industry is poised for growth, particularly
in critical minerals for electric vehicles and renewable
energy. However, regulatory changes, climate goals,
and community expectations for fairer taxation and
environmental stewardship pose challenges. (Grok)
News
Flashback
September
1, 2025
BHP
call to voters in coal tax fight
BHP's
BMA coking coal joint venture in Queensland paid
an effective tax rate of about 67 per cent in 2024-25.
BHP CEO Mike Henry has warned that some of the joint
venture's mines may need to be shut down due to
the impact of low coal prices and the state's coal
royalty regime. Meanwhile, BMA's head of operations
Mariette Bylsma says Queensland has one of the world's
highest coal royalty regimes, which is making the
state less competitive and less predictable for
investment. Bylsma adds that the "unsustainable"
coal tax is having a real impact on regional jobs
and communities, and she has urged the general public
to raise the issue with their local MP. (Roy Morgan
Summary)
News
MinRes
takeover of miner run by Ellison's brother faces
backlash
Resource
Development Group's administrator McGrathNicol recently
advised that it had received seven non-binding offers
to acquire the failed garnet miner. However, the
firm decided to recommend the offer from RDG's majority
shareholder, Mineral Resources, as it would result
in the highest return to shareholders. However,
minority investors in RDG claim that they are not
being treated fairly, and allege that Mineral Resources
is hastening the takeover without allowing time
for other bids to emerge. RDG's former MD Andrew
Ellison is the brother of Mineral Resources' founder
and MD Chris Ellison. (RMS)
News
Sunday
truck crash adds to MinRes woes
Mineral
Resources is under renewed scrutiny following another
incident on the private road that is used to transport
iron ore to port facilities at Onslow in Western
Australia. There has been a rear-end collision between
one of the company's road trains and a truck that
was being driven by a contractor; it is believed
that nobody was injured in yesterday's incident
and both trucks sustained only minor damage. However,
there have been a series of incidents on the 150km
road since it was opened in 2024, including a road
train rollover last week. Mineral Resources has
also spent $230m on repairing damage to the road
caused by cyclones in early 2025. (RMS)
News
Gas
industry frays over future of LNG as lobbying intensifies
Australia's
east gas market is facing a supply crisis that could
hit NSW and Victoria as early as 2029, with the
nation's $90 billion liquefied natural gas sector
at odds as to which of its participants should face
the burden of addressing the looming crisis. With
the federal government having announced a review
of the LNG sector earlier in the year, Australia
Pacific LNG and Santos, which is the operator of
the Gladstone LNG project, are both actively lobbying
the federal government as to their views as to how
the two ventures believe the sector should be reformed.
(Roy Morgan Summary)
News
Bitcoin
Mining News
Industry
Challenges and Hashrate Records: Bitcoin mining
difficulty recently hit an all-time high of 126.9
trillion on May 31, 2025, before slightly dropping
to 126.4 trillion. The network hashrate crossed
1 zetahash per second (ZH/s) in April 2025, reflecting
intense competition. Miners face financial pressures
from the April 2024 halving, which reduced block
rewards, coupled with rising operational costs.
Despite this, companies like MARA (mined 950 BTC
in May 2025, holding 49,179 BTC) and CleanSpark
(mined 694 BTC, holding 12,502 BTC) are expanding
and retaining BTC as a treasury asset.
Shift
to AI and Energy Competition: Bitcoin miners are
increasingly competing with AI data centers for
cheap energy, prompting some to pivot into AI infrastructure.
For instance, Bitmain plans to open a U.S.-based
BTC mining hardware facility by late 2025, and TeraWulf
has secured Google as its largest shareholder, validating
its AI-integrated strategy. This shift is driven
by the need to monetize power, with executives noting
that energy, not just hashrate, is now the critical
factor.
Environmental
and Regulatory Concerns: A Harvard study revealed
that Bitcoin mining exposes 1.9 million Americans
to harmful PM2.5 air pollution, primarily from fossil
fuel-powered plants. The study highlights a "cross-state
domino effect," urging federal regulation.
Meanwhile, rural U.S. communities, like Dresden,
NY, report noise pollution from mining operations,
sparking local backlash despite support from some
pro-crypto policies under the current administration.
Centralization
Risks: Posts on X have raised alarms about mining
centralization, with two pools controlling over
51% of the network’s hash power, potentially
enabling a 51% attack. This has sparked debate about
Bitcoin’s decentralization, though these claims
remain inconclusive without further evidence.
Innovations
and Expansions: Companies like Cipher Mining launched
a 150MW Bitcoin mining site in Texas (Black Pearl),
aiming for 300MW, and BitFuFu reported a record
34.1 EH/s hashrate, mining 400 BTC in May 2025.
Block introduced Proto Rig, a modular, repairable
miner, and Proto Fleet, an open-source software
to enhance mining efficiency.
Profitability
Struggles: Mining a single Bitcoin now costs approximately
$137,000 in electricity, exceeding its market value
of around $95,000-$104,000, rendering traditional
mining unprofitable for many. Miners are adapting
by holding BTC or diversifying into other cryptocurrencies
like Ethereum.
Song
Welcome
To The Blockchain (Song lyrics)
We're
now standing on the precipice of a global revolution
Of
economics, of politics, and government
Welcome
to the blockchain
verse
Power
corrupts, money is power
The
power to control the money is one that is now
In
the hands of those who pretend we can't function
without them
So
how can we do something about it? (Huh?)
Working
hard to get a raise, lifting that wage up
Inflation
takes it like a hidden taxation
Manipulated
interest rates to give the banks
A
way to create money with the loans that they're
giving out daily (yup)
That
means our money is debt
That
we gotta pay back more than a hundred percent
No
wonder then why the middle class is going under
When
the one's above them gotta cover and come to collect
And
many have no access to banking
Making
payments, or saving, so more fees are taken
And
every day the gatekeepers are trying to stop change
We
can not wait, welcome to the blockchain
chorus
Welcome
to the blockchain
Things
are about to change
Open
up the gates
Systems
get replaced
Bitcoin
Decentralize
the trust
Security,
transparency
The
network's run by us
Bitcoin
verse
Bitcoin
is a decentralized ledger
And
the currency is its first enterprise ever
Secured
by the worldwide incentivized network
Can't
be stolen or controlled by any sized effort
You
can send it anywhere and instantly
No
one can intervene, no third party in between
There's
no counterfeiting
Algorithms
control the outer limits of how many coins can get
released
Programmable
money, no government can seize it
Payments
can be customized by sender and receiver
Contracts
can be written cementing your agreements
With
terms that can't be bent once you consent then it
completes it
Autonomous
businesses are possible
Where
profit is distributed amongst those adopting it
Paradigm
shift we must adjust to the ending
With
the blockchain, bitcoin is just the beginning
chorus
Welcome
to the blockchain
Things
are about to change
Open
up the gates
Systems
get replaced
Bitcoin
Decentralize
the trust
Security,
transparency
The
network's run by us
Bitcoin
bridge
Now
that we got control
We're
not gonna let it go
My
people all around the globe
We
gotta keep building, building, building
Now
that we got control
We're
not gonna let it go
My
people all around the globe
We
gotta keep building, building, building
chorus
Welcome
to the blockchain
Things
are about to change
Open
up the gates
Systems
get replaced
Bitcoin
Decentralize
the trust
Security,
transparency
The
network's run by us
Bitcoin
By
di DECAP, Toby / Toby Ganger
News
Working
Man: Sony Lyrics
It's
a working man l am And I've been down under ground
And I swear to God if l ever see the sun Or for
any length of time I can hold it in my mind I never
again will go down under ground
At
the age of sixteen years Oh, he quarrels with his
peers Who vowed they'd never see another one In
the dark recess of the mines Where you age before
your time And the coal dust lies heavy on your lungs
It's
a working man l am And I've been down under ground
And I swear to God if l ever see the sun Or for
any length of time I can hold it in my mind I never
again will go down under ground
At
the age of sixty four Oh, he'll greet you at the
door And he'll gently lead you by the arm
Through
the dark recess of the mines
Oh,
he'll take you back in time And he'll tell you of
the hardships that were had
It's
a working man l am And I've been down under ground
And
I swear to God if l ever see the sun Or for any
length of time I can hold it in my mind I never
again will go down under ground
It's
a working man l am And I've been down under ground
And
I swear to God if l ever see the sun Or for any
length of time I can hold it in my mind I never
again will go down under ground
It's
a working man l am And I've been down under ground
And
I swear to God if l ever see the sun
Or
for any length of time I can hold it in my mind
I never again will go down under ground
God,
I never again will go down under ground
By
Rita Macneil
News
Best
Quotes Of The Day
The
best and biggest gold mine is in between your ears."
"You
are a gold mine of potential power. You have to
dig to find it and make it real."
"Your
mind is like a gold mine, if you dig deep you will
find something golden."
"Don't
die without mining the gold in your mind."
"We're
like goldfields. Until we dig deep to find what's
inside us, our true potentials may be hidden forever."
"If
you want to find gold, you've got to love the process
of digging."
"Even
if you're sitting on a gold mine, you still have
to dig."
"Develop
men the same way gold is mined"
"Don't
go into the mine looking for dirt; instead, go in
looking for the gold."
"A
prospector's job is to remove dirt as quickly as
possible"
"A
prospector who analyses every speck of dirt won't
find much gold"
"The
world is sitting on a gold mine but knows it not."
"Make new friends, but keep the old; Those
are silver, these are gold."
"All
that is gold does not glitter."
"Gold
is forever. It is beautiful, useful, and never wears
out"
"Gold
is the money of kings"
"Mining
is the art of exploiting mineral deposits at a profit.
An unprofitable mine is fit only for the sepulcher
of a dead mule."
"Anyone
can find the dirt in someone. Be the one that finds
the gold."
"True
gold fears no fire."
"The
desire of gold is not for gold. It is for the means
of freedom and benefit."
"Make
new friends, but keep the old; Those are silver,
these are gold."
"When
taken for granted, gold in one's hand is sometimes
considered like cheap copper – so are people."
Markets,
Crypto and Culture
August
29, 2025
Sydney,
Australia
Markets
ASX
futures down 28 points/0.3% to 8930
Australian
dollar +0.4% to 65.32 US cents
Wall
Street:
S&P 500 +0.3%
Dow Jones +0.2%
Nasdaq +0.5%
Europe:
Stoxx 50 +0.1%
FTSE -0.4%
DAX flat
CAC +0.2%
IBEX +0.3
Bitcoin
-0.4% to $US111,910
Gold
+0.6% to $US3417.16 per ounce
Oil +0.2% to $US64.29 a barrel
Brent crude oil +0.4% to $US68.33 a barrel
Iron ore +2% to $US104.50 per ton
10-year
yield:
US 4.20%
Australia 4.28%
Germany 2.69%
News
Cryptos
Today: (Near Live)
Bitcoin
$112,305.87 USD +0.68%
Ethereum $4,500.66 USD -0.60%
Tether $1.00 USD -0.07%
XRP $2.97 USD -0.41%
BNB $873.69 USD +1.88%
Dogecoin $0.2244 USD +1.84%
News
Leading
altcoins are once again attempting to pull the crypto
market upwards
Market
Overview
The
crypto market capitalisation has increased by almost
2% to $3.86 trillion over the past 24 hours due
to the traction of major altcoins such as Ethereum
(+4%), XRP (+3%), Solana (+7.8%), and Dogecoin (+4.9%).
Crypto
enthusiasts were expecting a different altcoin season,
but it is still worth noting their outperformance
relative to the first cryptocurrency.
Bitcoin
gained 1% to $111K during the day after spending
most of Tuesday forming the basis for a rebound
on dips below $110K. This is an important indicator
of interest in buying on dips, which probably encouraged
more risk-tolerant altcoin buyers. The former is
also lagging the stock market, where the S&P500
is on the verge of historic highs, and the Nasdaq100
is 1.8% below its historic high.
News
Background
The
Bitcoin derivatives market points to pessimistic
sentiment, as market participants are actively buying
put options.
New
investors are selling Bitcoin at a loss. In this
way, the market is getting rid of ‘weak hands’
and preparing a support base for future growth,
notes analyst Crazzyblockk.
GLJ
Research head Gordon Johnson said that BTC is at
risk of a 65% collapse due to a reduction in dollar
liquidity in the US financial system for the first
time since 2022. Only the Fed’s abandonment
of quantitative tightening (QT) and a return to
new quantitative easing (QE) can remedy the situation.
According
to Bitfinex, the altcoin season will not start until
new cryptocurrency ETFs are approved. It is only
expected to begin at the end of the year. The SEC
is currently reviewing more than 70 applications
to launch altcoin-based ETFs.
Citi
warns that paying interest on stablecoin deposits
could cause a massive outflow of deposits from the
banking system. A similar situation was observed
during the money market fund boom in the United
States in the 1980s. (FxPro)
News
The
reversal of the trend in crypto has been confirmed
Market
Overview
The
crypto market has been on a downward trend for the
last 12 days, falling to $3.76 trillion on Tuesday
morning and later stabilising at $3.79 trillion.
Capitalisation
fell below the 50-day moving average and the area
of recent lows, giving a technical signal of a change
in the trend from growth to decline. The declines
in this area over the past three months have been
close to the bottom of local corrections.
The
sentiment index remains fairly stable in neutral
territory (48 versus 47 the day before). Declines
in this area over the last three months have been
close to the bottom of local corrections.
Bitcoin
is trading near $110K, dropping to a low of $108.5K.
Local attempts to stabilise in BTC are being replaced
by even greater sell-offs.
News
Why
is EURUSD falling even though the Fed has softened
its rhetoric?
EURUSD
has fallen back below 1.1600, quickly losing Friday's
momentum and forming its third lower local peak
since the beginning of July. Trade flows and expectations
of weaker growth due to tariffs could bring the
pair back to the lows of the end of last year or
push it below parity.
This
dynamic contrasts with the news agenda, according
to which the differential between the ECB and Fed
key rates will soon begin to shift in favour of
the former, as the ECB is close to completing its
cycle of rate cuts and the Fed is ready to resume
its easing.
But
there is a perfectly reasonable explanation: trade
flows. The EURUSD gained momentum sharply at the
beginning of the year as US companies and consumers
rushed to buy before tariffs were raised. Now we
are at the point of the reverse process, when imports
will be below the norm of recent years. Moreover,
long-term fundamental factors are coming into play,
such as suppressing production in Europe and supporting
it in the US. The same shift from the dollar to
the euro occurred in 2017, when the first trade
conflicts began, and continued until March 2018,
when tariffs were introduced.
The
eurozone can counter this trend through further
rate cuts or government financial incentives. Due
to chronic budget deficits, the former is more likely.
The Fed's rate is now 2.2 percentage points higher
than the ECB's, above previous turning points of
2.7 points in 1999, 2.5 in 2006 and 2.4 in 2019.
This
approach is supported by rising inflation in the
US versus deteriorating activity in Europe. Fundamental
factors alone could push EURUSD to last December's
lows or even below parity, which we last saw in
September 2022.
However,
traders in the market are dealing with a reality
in which Washington is increasing pressure on the
Fed, calling for a sharper rate cut. In extreme
cases, this threatens to repeat the 33% rally in
EURUSD between November 2005 and March 2008. In
this case, the single currency could fall to the
1.40 level, which has not been reached for the last
11 years.
Nevertheless,
we consider political interference in monetary policy
a risk. The main scenario is based on a balance
of fundamental forces, which are currently bearish
for EURUSD. (FxPro)
News
Flashback
S&P500’s
buy-the-dip sentiment helped Bitcoin
The
sell-off of Bitcoin following Congress's passage
of a law regulating the circulation of stablecoins
and the retreat of US stock indices from record
highs allowed Bitcoin bears to push prices below
the lower boundary of the $116k—$120k consolidation
range. When it looked like a severe correction was
coming, US stocks stepped in again. Investors bought
up the S&P 500 dip, and Bitcoin immediately
bounced back.
Changes
in global risk appetite continue to be the main
driver of cryptocurrency prices. July saw a series
of record highs for the S&P 500, making it a
successful month for Bitcoin. Meanwhile, Bitcoin-focused
ETFs attracted $6 billion, the third-best result
in the history of specialised exchange-traded funds.
Ether ETFs were not far behind, with a record inflow
of $5.4 billion.
The
situation changed dramatically at the turn of July
and August. Interest in digital assets began to
cool. Coinbase's Bitcoin premium fell into the red
for the first time since May, indicating a decline
in demand from US investors. Open interest in Bitcoin
and Ether futures contracts fell by 13% and 21%,
respectively, compared to Bitcoin's record high.
According to Coinglass, on the last day of July,
$800 million in long positions across all cryptocurrencies
were liquidated.
Speculators
doubt the rally's continuation, while crypto treasuries
are buying Bitcoin under any conditions. On pullbacks
or at market prices, ‘Strategy’ acquired
more than 21,000 coins worth $2.46 billion during
the week of July 28th to August 3rd. This is the
third-largest cryptocurrency purchase by Michael
Saylor's company since records began. The average
price is the second highest in history. As a result,
Strategy's reserves have grown to more than $71
billion.
The
future dynamics of Bitcoin will depend on the fate
of US stock indices and capital flows into ETFs.
If the S&P 500's successes are temporary, Bitcoin
will be forced to undergo a deep correction. If
its quotes remain below the middle of the previous
consolidation range of $116k—$120k, the bears
are in control. (FxPro)
News
Flashback
Three
blows to oil in three days
Oil
has been under triple pressure since the end of
last week, losing more than 7% per barrel of WTI
since 31 July, reaching the important psychological
level of $65.
The
latest wave of oil sell-offs began with the realisation
that US trade tariffs from August will be higher
than initially expected, as higher tariffs are associated
with an economic slowdown and weaker demand for
energy. Fears of an economic slowdown intensified
after the release of unexpectedly weak US employment
data on Friday. Over the weekend, concerns were
heightened by OPEC+'s increase in production quotas,
which was reflected in the markets on Monday.
After
its latest meeting, OPEC+ announced that it would
increase production quotas for eight countries by
547,000 barrels per day starting in September.
Considering
the quota increases since April, the entire voluntarily
reduced volume of 2.2 million barrels per day will
return to the market. This is a rather bold decision,
given the growing fear that the global economy is
slowing down.
Some
link such steps by the cartel to the risks of supply
disruptions due to potential sanctions from the
US and the EU. In our opinion, it is also worth
considering the cartel's intention to regain its
market share from the US in this way.
Oil
producers in the US are very sensitive to price,
sharply cutting investment when prices fall. At
the beginning of April, there were 489 oil rigs
in operation, but according to data published on
Friday, this number has fallen to 410. In the long
term, a gradual increase in production efficiency
should be considered, but at intervals of six months,
it is unlikely that there will be any sharp progress.
Therefore, we can expect some US production reduction
and a gradual recovery in the share of traditional
oil producers such as Saudi Arabia, Russia and the
UAE.
The
price of WTI crude oil, which rose to close to $70
at its peak last week, has returned to the lower
end of the range since early June at $65. Closing
the day below 66 will mark a failure below the 200-
and 50-day moving averages, increasing the potential
for further declines.
If
OPEC+ really plans to increase its share of the
oil market, it may not oppose further price declines.
The intensification of negative trends in the global
and US economies could bring the price back to this
year's lows of $55 by the end of September and to
the lower end of the downward corridor of $50 by
the end of the year. However, further trends will
depend heavily on the reaction of monetary authorities
and oil producers. (FxPro)
News
Flashback
July
29
Ethereum
continues attempt to climb above $4,000
Market
Picture
The
crypto market lost 1%, falling back to a capitalisation
of $3.9 trillion. This was a natural pullback against
the backdrop of the dollar's impressive strengthening
the day before. However, on Tuesday, the bulls were
back in charge, bringing the market back to a level
above Monday's opening but not yet reaching its
peak.
Bitcoin
is trading near $118.7K, unable to break through
the resistance at $120K. This indecision to break
out of the range is likely to continue until the
market sees the Fed's key rate decision on Wednesday
evening.
Ethereum
rose to $3,930 at the end of the day, fell back
to $3,700 on Monday, where it found interest from
new buyers and rose to $3,830 at the time of writing.
The last seven days have seen a fairly sharp upward
trend, and if this trend continues, the price will
rise above 4,000 by the end of this week.
News
Background
According
to CoinShares, global investment inflows into crypto
funds last week amounted to $1.908 billion. Investments
in Ethereum increased by $1.595 billion, Solana
by a significant $312 million, XRP by $190 million,
and Sui by $8 million. Investments in Bitcoin decreased
by $175 million.
Japan's
Metaplanet announced the acquisition of 780 BTC
($92.5 million) at an average price of $118,600.
The company's total reserves now amount to 17,132
BTC, worth over $2 billion.
According
to Blockware, Bitcoin will no longer show ‘parabolic’
rallies or ‘devastating’ bear cycles,
as institutional investors have changed the market
dynamics and reduced volatility.
According
to Strategic ETH Reserve, the volume of the second
cryptocurrency on the balance sheets of public companies
has reached 2.32 million ETH (~$9.11 billion) —
1.92% of the total Ethereum supply. Bitmine Immersion
Tech, associated with Fundstrat founder Tom Lee,
pursues the most aggressive strategy. The company
has ~566,800 ETH ($2.23 billion) on its balance
sheet.
BNB,
the fifth-largest cryptocurrency by capitalisation,
updated its historical high above $860 on Monday.
Against this background, Binance founder Changpeng
Zhao's estimated fortune exceeded $76 billion. According
to Forbes, Zhao owns 64% of the BNB supply —
about 89.1 million tokens. (FxPro)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group
Dream Match Series
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The
Streets Stipulation
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr H
News
Cryptocurrency
Movies
Documentaries
The
Rise and Rise of Bitcoin (2014) Follows early Bitcoin
adopter Daniel Mross, exploring Bitcoin’s origins,
its volatile rise, and the community behind it.
Great for understanding Bitcoin’s early days
and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019) A crime thriller starring Beau Knapp, Luke
Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Everything
is a gamble" Greg Tingle, Media Man Group
"Bullish
is a mindset"
Markets,
Crypto and Culture
August
21, 2025
Sydney,
Australia
Markets
ASX
futures up 18 points or 0.2% to 8897
Australian
dollar -0.3% to 64.35 US cents
Wall
Street:
S&P 500 -0.2%
Dow Jones flat
Nasdaq -0.7%
Europe
Stoxx 50 -0.2%
FTSE +1.1%
DAX -0.6%
CAC -0.1%
Bitcoin
+0.7% to $US114,376
Gold
+1% to $US3348.46 per ounce
Oil +1.4% to $US63.21 a barrel
Brent crude oil +1.8% to $US66.95 a barrel
Iron ore -0.1% to $US101.00 per ton
10-year
yield:
US 4.29%
Australia 4.29%
Germany 2.72%
News
Cryptos
Today: (Near Live)
Bitcoin
$114,261.69 USD +1.28%
Ethereum $4,332.84 USD +6.18%
Tether $1.00 USD +0.05%
XRP $2.95 USD +3.18%
BNB $869.18 USD +5.58%
News
August
19, 2025
Cryptocurrency
market nervousness grows
Market
Overview
The
cryptocurrency market cap fell by another 0.4% to
$3.87 trillion. The market is plunging below the
former resistance level, raising speculators' fears
of a possible major correction towards $3.6 trillion.
Bitcoin
fell to $114.7k, rolling back to levels seen two
weeks ago and below the medium-term trend line,
which is a 50-day moving average. This dynamic reinforces
fears of a deeper correction, which could affect
the entire crypto market, potentially triggering
a deeper correction to $100K, near the 200-day MA.
Ethereum
rolled back to $4,200, losing more than 12% from
its peak. The second-largest coin by capitalisation
is seriously aiming to test the strength of the
former resistance area near $4,100, which has been
holding back price growth since March 2024. The
ability to stay above this level will indicate a
change in the market regime for this cryptocurrency,
as the abundant capital inflows also suggest.
News
Background
According
to CoinShares, global investment in crypto funds
rose more than sixfold last week to $3.748 billion,
the highest inflow in the last four weeks. Investments
in Bitcoin increased by $552 million, Ethereum jumped
by $2.868 million, Solana grew by $177 million,
XRP by $126 million, and Sui by $11 million.
According
to Glassnode, the number of addresses with a balance
of more than 10,000 BTC fell to an annual low, and
the number of wallets with 1,000–10,000 BTC
also decreased. This indicates that large holders
are taking profits after reaching record highs.
According
to Canary Capital, Bitcoin is 50% likely to reach
$140,000–$150,000 by the end of 2025, but a
bear market will come next year.
Solana
became the first network to reach 107,540 transactions
per second (TPS) during a stress test. The actual
throughput of the blockchain is lower, at around
3,700 TPS, which is 59 times higher than that of
the main Ethereum network. (FxPro)
News
S&P500’s
buy-the-dip sentiment helped Bitcoin
The
sell-off of Bitcoin following Congress's passage
of a law regulating the circulation of stablecoins
and the retreat of US stock indices from record
highs allowed Bitcoin bears to push prices below
the lower boundary of the $116k—$120k consolidation
range. When it looked like a severe correction was
coming, US stocks stepped in again. Investors bought
up the S&P 500 dip, and Bitcoin immediately
bounced back.
Changes
in global risk appetite continue to be the main
driver of cryptocurrency prices. July saw a series
of record highs for the S&P 500, making it a
successful month for Bitcoin. Meanwhile, Bitcoin-focused
ETFs attracted $6 billion, the third-best result
in the history of specialised exchange-traded funds.
Ether ETFs were not far behind, with a record inflow
of $5.4 billion.
The
situation changed dramatically at the turn of July
and August. Interest in digital assets began to
cool. Coinbase's Bitcoin premium fell into the red
for the first time since May, indicating a decline
in demand from US investors. Open interest in Bitcoin
and Ether futures contracts fell by 13% and 21%,
respectively, compared to Bitcoin's record high.
According to Coinglass, on the last day of July,
$800 million in long positions across all cryptocurrencies
were liquidated.
Speculators
doubt the rally's continuation, while crypto treasuries
are buying Bitcoin under any conditions. On pullbacks
or at market prices, ‘Strategy’ acquired
more than 21,000 coins worth $2.46 billion during
the week of July 28th to August 3rd. This is the
third-largest cryptocurrency purchase by Michael
Saylor's company since records began. The average
price is the second highest in history. As a result,
Strategy's reserves have grown to more than $71
billion.
The
future dynamics of Bitcoin will depend on the fate
of US stock indices and capital flows into ETFs.
If the S&P 500's successes are temporary, Bitcoin
will be forced to undergo a deep correction. If
its quotes remain below the middle of the previous
consolidation range of $116k—$120k, the bears
are in control.
News
Bitcoin
tests support at 50-day MA
Market
Picture
The
crypto market rolled back at the end of last week
following a reduction in risk appetite in the financial
markets. However, on Sunday, sentiment changed with
the return of active buyers near the total capitalisation
of $3.60 trillion. At the time of writing, the market
is at $3.73 trillion (+3.6%). Less than 10% of the
top 100 coins show gains over 7 days, among which
the largest are TRON (+2.2%) and TON (+4.5%).
The
crypto market sentiment index fell to 53 by Sunday
morning, a six-week low, but recovered to 64 on
Monday, reflecting a resurgence of bullish sentiment.
However, another impressive upward move will be
needed to confirm a local victory for the bulls.
On
Saturday and Sunday, Bitcoin received support from
buyers on declines below $112K near the 50-day moving
average - the fourth touch of this curve since April.
On the “buy the dip” sentiment, the first
cryptocurrency recovered to $115K on Monday morning.
The rebound from support is a bullish signal for
the next couple of days, but the fact that it has
been tested frequently raises concerns for the medium
term. News Background
According
to SoSoValue, net outflows from spot Bitcoin ETFs
in the US amounted to $812.3 million on August 1,
the highest since February 25. As a result, the
weekly outflow from BTC ETFs amounted to $643 million,
a record high for the past 16 weeks.
The
net outflow from spot Ethereum ETFs in the US on
Friday amounted to $152.3 million. However, inflows
in the previous days of the week managed to keep
the indicator in positive territory (+$154.3 million).
The positive trend has continued for 12 consecutive
weeks.
Analyst
Ali Martinez says that over the past two days, Bitcoin
whales have bought 30,000 BTC. According to Santiment,
over the past four months, whales with balances
ranging from 10 to 10,000 BTC have accumulated 0.9%
of the total coin supply.
According
to The Block, trading volume on centralised crypto
exchanges exceeded $1.7 trillion in July (the highest
since February 2025), and trading volume on decentralised
exchanges (DEX) also reached its highest level since
January.
Galaxy
Digital warned of risks in the public company sector,
which accumulates cryptocurrencies by issuing shares.
The model creates systemic vulnerability and could
lead to a cascade collapse.
US
SEC Chairman Paul Atkins announced Project Crypto.
The project’s key objective is to establish
clear rules for cryptocurrencies and turn the US
into the “world’s crypto capital.”
(FxPro)
News
Flashback
Three
blows to oil in three days
Oil
has been under triple pressure since the end of
last week, losing more than 7% per barrel of WTI
since 31 July, reaching the important psychological
level of $65.
The
latest wave of oil sell-offs began with the realisation
that US trade tariffs from August will be higher
than initially expected, as higher tariffs are associated
with an economic slowdown and weaker demand for
energy. Fears of an economic slowdown intensified
after the release of unexpectedly weak US employment
data on Friday. Over the weekend, concerns were
heightened by OPEC+'s increase in production quotas,
which was reflected in the markets on Monday.
After
its latest meeting, OPEC+ announced that it would
increase production quotas for eight countries by
547,000 barrels per day starting in September.
Considering
the quota increases since April, the entire voluntarily
reduced volume of 2.2 million barrels per day will
return to the market. This is a rather bold decision,
given the growing fear that the global economy is
slowing down.
Some
link such steps by the cartel to the risks of supply
disruptions due to potential sanctions from the
US and the EU. In our opinion, it is also worth
considering the cartel's intention to regain its
market share from the US in this way.
Oil
producers in the US are very sensitive to price,
sharply cutting investment when prices fall. At
the beginning of April, there were 489 oil rigs
in operation, but according to data published on
Friday, this number has fallen to 410. In the long
term, a gradual increase in production efficiency
should be considered, but at intervals of six months,
it is unlikely that there will be any sharp progress.
Therefore, we can expect some US production reduction
and a gradual recovery in the share of traditional
oil producers such as Saudi Arabia, Russia and the
UAE.
The
price of WTI crude oil, which rose to close to $70
at its peak last week, has returned to the lower
end of the range since early June at $65. Closing
the day below 66 will mark a failure below the 200-
and 50-day moving averages, increasing the potential
for further declines.
If
OPEC+ really plans to increase its share of the
oil market, it may not oppose further price declines.
The intensification of negative trends in the global
and US economies could bring the price back to this
year's lows of $55 by the end of September and to
the lower end of the downward corridor of $50 by
the end of the year. However, further trends will
depend heavily on the reaction of monetary authorities
and oil producers. (FxPro)
News
Flashback
July
29
Ethereum
continues attempt to climb above $4,000
Market
Picture
The
crypto market lost 1%, falling back to a capitalisation
of $3.9 trillion. This was a natural pullback against
the backdrop of the dollar's impressive strengthening
the day before. However, on Tuesday, the bulls were
back in charge, bringing the market back to a level
above Monday's opening but not yet reaching its
peak.
Bitcoin
is trading near $118.7K, unable to break through
the resistance at $120K. This indecision to break
out of the range is likely to continue until the
market sees the Fed's key rate decision on Wednesday
evening.
Ethereum
rose to $3,930 at the end of the day, fell back
to $3,700 on Monday, where it found interest from
new buyers and rose to $3,830 at the time of writing.
The last seven days have seen a fairly sharp upward
trend, and if this trend continues, the price will
rise above 4,000 by the end of this week.
News
Background
According
to CoinShares, global investment inflows into crypto
funds last week amounted to $1.908 billion. Investments
in Ethereum increased by $1.595 billion, Solana
by a significant $312 million, XRP by $190 million,
and Sui by $8 million. Investments in Bitcoin decreased
by $175 million.
Japan's
Metaplanet announced the acquisition of 780 BTC
($92.5 million) at an average price of $118,600.
The company's total reserves now amount to 17,132
BTC, worth over $2 billion.
According
to Blockware, Bitcoin will no longer show ‘parabolic’
rallies or ‘devastating’ bear cycles,
as institutional investors have changed the market
dynamics and reduced volatility.
According
to Strategic ETH Reserve, the volume of the second
cryptocurrency on the balance sheets of public companies
has reached 2.32 million ETH (~$9.11 billion) —
1.92% of the total Ethereum supply. Bitmine Immersion
Tech, associated with Fundstrat founder Tom Lee,
pursues the most aggressive strategy. The company
has ~566,800 ETH ($2.23 billion) on its balance
sheet.
BNB,
the fifth-largest cryptocurrency by capitalisation,
updated its historical high above $860 on Monday.
Against this background, Binance founder Changpeng
Zhao's estimated fortune exceeded $76 billion. According
to Forbes, Zhao owns 64% of the BNB supply —
about 89.1 million tokens. (FxPro)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group
Dream Match Series
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The
Streets Stipulation
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr H
News
Cryptocurrency
Movies
Documentaries
The
Rise and Rise of Bitcoin (2014) Follows early Bitcoin
adopter Daniel Mross, exploring Bitcoin’s origins,
its volatile rise, and the community behind it.
Great for understanding Bitcoin’s early days
and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019) A crime thriller starring Beau Knapp, Luke
Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Everything
is a gamble" Greg Tingle, Media Man Group
"Bullish
is a mindset"
Markets,
Crypto and Culture
August
18, 2025
Sydney,
Australia
Markets
ASX
futures down 53 points or 0.6% to 8843
Australian
dollar +0.1% to 65.10 US cents
Wall
Street:
S&P 500 -0.3%
Dow Jones +0.1%
Nasdaq -0.4%
Europe:
Stoxx 50 +0.3%
FTSE -0.4%
DAX -0.1%
CAC +0.7%
Bitcoin
+0.1% to $US117,786
Gold
flat at $US3336.19 per ounce
US oil -1.8% to $US62.80 a barrel
Brent crude oil -1.5% to $US65.85 a barrel
Iron ore flat at $US102.05 per ton
10-year
yield:
US 4.32%
Australia 4.23%
Germany 2.79%
News
Cryptos
Today: (Near Live)
Bitcoin
$118,026.62 USD +0.18%
Ethereum $4,524.48 USD +1.94%
Tether $1.00 USD -0.20%
XRP $3.11 USD +0.02%
BNB $858.06 USD +2.27%
News
Bitcoin
hit new highs but then dropped back down
Market
Overview
The
crypto market cap rose to $4.20 trillion on Thursday
morning before dropping back down somewhat to $4.14
trillion. But even with the correction, the daily
gain is close to 2%, led by Bitcoin's slide to a
new peak of $124.5K. Among the major coins, Cardano
(+18%), Near Protocol (+6.2%) and Trump (+5.9%)
were the leaders.
The
sentiment index rose to 75, ready to move into the
extreme greed zone. It was previously held at this
level throughout the second half of July, but the
entire crypto market was in a range at that time.
(FxPro)
News
Flashback
Summer
Break for the Crypto Market
Market
Overview
The
cryptocurrency market began August with a relatively
narrow range of $3.6-3.8 trillion, ending Wednesday
at $3.72 trillion. The support received in the area
of previous peaks set in December and January suggests
that this is a temporary pause to lock in profits
and gain liquidity before a new surge. At the same
time, however, such sluggishness is turning away
the most active traders, who are used to seeing
multiple rallies. Now they have moved on to very
small projects.
On
Tuesday, Bitcoin was again approaching its 50-day
moving average. Such frequent testing of the medium-term
trend signal line indicates accumulated fatigue
in the first cryptocurrency. For comparison, the
crypto market's total capitalisation is still moving
significantly above its 50-day average, which is
currently around $3.57 trillion.
News
Background
Institutional
investors are actively buying up Ethereum, while
retail traders remain on the sidelines. SharpLink
bought 83,561 ETH ($264.5 million) last week at
an average price of $3,634. The company's reserves
amount to almost 522,000 ETH (~$1.9 billion). However,
Bitmine Immersion Tech remains the leader, with
833 coins worth over $3 billion. A total of 64 corporations
now own 2.96 million ETH ($10.81 billion) or 2.45%
of the total Ethereum supply.
Large
companies continue to buy Bitcoin, adding 26,700
BTC to their reserves in July. Strategy bought 21,021
BTC for $2.46 billion last week. According to BitcoinTreasuries,
public and private companies now hold 1.35 million
BTC ($155 billion) on their balance sheets —
more than 6% of the total digital gold supply.
US
regulators have proposed new rules for the crypto
industry. The CFTC has launched an initiative to
legalise spot trading of cryptocurrencies on registered
exchanges, and the SEC has updated its guidance
on stablecoin accounting rules.
USDe
from Ethena Labs has become the third-largest stablecoin.
Since mid-July, its capitalisation has grown by
75% to $9.5 billion. Demand for the asset may have
been spurred by high yields ranging from 10% to
19% per annum. The total capitalisation of all stablecoins
has been growing for the seventh month in a row
and is approaching $275 billion. (FxPro)
News
S&P500’s
buy-the-dip sentiment helped Bitcoin
The
sell-off of Bitcoin following Congress's passage
of a law regulating the circulation of stablecoins
and the retreat of US stock indices from record
highs allowed Bitcoin bears to push prices below
the lower boundary of the $116k—$120k consolidation
range. When it looked like a severe correction was
coming, US stocks stepped in again. Investors bought
up the S&P 500 dip, and Bitcoin immediately
bounced back.
Changes
in global risk appetite continue to be the main
driver of cryptocurrency prices. July saw a series
of record highs for the S&P 500, making it a
successful month for Bitcoin. Meanwhile, Bitcoin-focused
ETFs attracted $6 billion, the third-best result
in the history of specialised exchange-traded funds.
Ether ETFs were not far behind, with a record inflow
of $5.4 billion.
The
situation changed dramatically at the turn of July
and August. Interest in digital assets began to
cool. Coinbase's Bitcoin premium fell into the red
for the first time since May, indicating a decline
in demand from US investors. Open interest in Bitcoin
and Ether futures contracts fell by 13% and 21%,
respectively, compared to Bitcoin's record high.
According to Coinglass, on the last day of July,
$800 million in long positions across all cryptocurrencies
were liquidated.
Speculators
doubt the rally's continuation, while crypto treasuries
are buying Bitcoin under any conditions. On pullbacks
or at market prices, ‘Strategy’ acquired
more than 21,000 coins worth $2.46 billion during
the week of July 28th to August 3rd. This is the
third-largest cryptocurrency purchase by Michael
Saylor's company since records began. The average
price is the second highest in history. As a result,
Strategy's reserves have grown to more than $71
billion.
The
future dynamics of Bitcoin will depend on the fate
of US stock indices and capital flows into ETFs.
If the S&P 500's successes are temporary, Bitcoin
will be forced to undergo a deep correction. If
its quotes remain below the middle of the previous
consolidation range of $116k—$120k, the bears
are in control.
News
Bitcoin
tests support at 50-day MA
Market
Picture
The
crypto market rolled back at the end of last week
following a reduction in risk appetite in the financial
markets. However, on Sunday, sentiment changed with
the return of active buyers near the total capitalisation
of $3.60 trillion. At the time of writing, the market
is at $3.73 trillion (+3.6%). Less than 10% of the
top 100 coins show gains over 7 days, among which
the largest are TRON (+2.2%) and TON (+4.5%).
The
crypto market sentiment index fell to 53 by Sunday
morning, a six-week low, but recovered to 64 on
Monday, reflecting a resurgence of bullish sentiment.
However, another impressive upward move will be
needed to confirm a local victory for the bulls.
On
Saturday and Sunday, Bitcoin received support from
buyers on declines below $112K near the 50-day moving
average - the fourth touch of this curve since April.
On the “buy the dip” sentiment, the first
cryptocurrency recovered to $115K on Monday morning.
The rebound from support is a bullish signal for
the next couple of days, but the fact that it has
been tested frequently raises concerns for the medium
term. News Background
According
to SoSoValue, net outflows from spot Bitcoin ETFs
in the US amounted to $812.3 million on August 1,
the highest since February 25. As a result, the
weekly outflow from BTC ETFs amounted to $643 million,
a record high for the past 16 weeks.
The
net outflow from spot Ethereum ETFs in the US on
Friday amounted to $152.3 million. However, inflows
in the previous days of the week managed to keep
the indicator in positive territory (+$154.3 million).
The positive trend has continued for 12 consecutive
weeks.
Analyst
Ali Martinez says that over the past two days, Bitcoin
whales have bought 30,000 BTC. According to Santiment,
over the past four months, whales with balances
ranging from 10 to 10,000 BTC have accumulated 0.9%
of the total coin supply.
According
to The Block, trading volume on centralised crypto
exchanges exceeded $1.7 trillion in July (the highest
since February 2025), and trading volume on decentralised
exchanges (DEX) also reached its highest level since
January.
Galaxy
Digital warned of risks in the public company sector,
which accumulates cryptocurrencies by issuing shares.
The model creates systemic vulnerability and could
lead to a cascade collapse.
US
SEC Chairman Paul Atkins announced Project Crypto.
The project’s key objective is to establish
clear rules for cryptocurrencies and turn the US
into the “world’s crypto capital.”
(FxPro)
News
Flashback
Three
blows to oil in three days
Oil
has been under triple pressure since the end of
last week, losing more than 7% per barrel of WTI
since 31 July, reaching the important psychological
level of $65.
The
latest wave of oil sell-offs began with the realisation
that US trade tariffs from August will be higher
than initially expected, as higher tariffs are associated
with an economic slowdown and weaker demand for
energy. Fears of an economic slowdown intensified
after the release of unexpectedly weak US employment
data on Friday. Over the weekend, concerns were
heightened by OPEC+'s increase in production quotas,
which was reflected in the markets on Monday.
After
its latest meeting, OPEC+ announced that it would
increase production quotas for eight countries by
547,000 barrels per day starting in September.
Considering
the quota increases since April, the entire voluntarily
reduced volume of 2.2 million barrels per day will
return to the market. This is a rather bold decision,
given the growing fear that the global economy is
slowing down.
Some
link such steps by the cartel to the risks of supply
disruptions due to potential sanctions from the
US and the EU. In our opinion, it is also worth
considering the cartel's intention to regain its
market share from the US in this way.
Oil
producers in the US are very sensitive to price,
sharply cutting investment when prices fall. At
the beginning of April, there were 489 oil rigs
in operation, but according to data published on
Friday, this number has fallen to 410. In the long
term, a gradual increase in production efficiency
should be considered, but at intervals of six months,
it is unlikely that there will be any sharp progress.
Therefore, we can expect some US production reduction
and a gradual recovery in the share of traditional
oil producers such as Saudi Arabia, Russia and the
UAE.
The
price of WTI crude oil, which rose to close to $70
at its peak last week, has returned to the lower
end of the range since early June at $65. Closing
the day below 66 will mark a failure below the 200-
and 50-day moving averages, increasing the potential
for further declines.
If
OPEC+ really plans to increase its share of the
oil market, it may not oppose further price declines.
The intensification of negative trends in the global
and US economies could bring the price back to this
year's lows of $55 by the end of September and to
the lower end of the downward corridor of $50 by
the end of the year. However, further trends will
depend heavily on the reaction of monetary authorities
and oil producers. (FxPro)
News
Flashback
July
29, 2025
Ethereum
continues attempt to climb above $4,000
Market
Picture
The
crypto market lost 1%, falling back to a capitalisation
of $3.9 trillion. This was a natural pullback against
the backdrop of the dollar's impressive strengthening
the day before. However, on Tuesday, the bulls were
back in charge, bringing the market back to a level
above Monday's opening but not yet reaching its
peak.
Bitcoin
is trading near $118.7K, unable to break through
the resistance at $120K. This indecision to break
out of the range is likely to continue until the
market sees the Fed's key rate decision on Wednesday
evening.
Ethereum
rose to $3,930 at the end of the day, fell back
to $3,700 on Monday, where it found interest from
new buyers and rose to $3,830 at the time of writing.
The last seven days have seen a fairly sharp upward
trend, and if this trend continues, the price will
rise above 4,000 by the end of this week.
News
Background
According
to CoinShares, global investment inflows into crypto
funds last week amounted to $1.908 billion. Investments
in Ethereum increased by $1.595 billion, Solana
by a significant $312 million, XRP by $190 million,
and Sui by $8 million. Investments in Bitcoin decreased
by $175 million.
Japan's
Metaplanet announced the acquisition of 780 BTC
($92.5 million) at an average price of $118,600.
The company's total reserves now amount to 17,132
BTC, worth over $2 billion.
According
to Blockware, Bitcoin will no longer show ‘parabolic’
rallies or ‘devastating’ bear cycles,
as institutional investors have changed the market
dynamics and reduced volatility.
According
to Strategic ETH Reserve, the volume of the second
cryptocurrency on the balance sheets of public companies
has reached 2.32 million ETH (~$9.11 billion) —
1.92% of the total Ethereum supply. Bitmine Immersion
Tech, associated with Fundstrat founder Tom Lee,
pursues the most aggressive strategy. The company
has ~566,800 ETH ($2.23 billion) on its balance
sheet.
BNB,
the fifth-largest cryptocurrency by capitalisation,
updated its historical high above $860 on Monday.
Against this background, Binance founder Changpeng
Zhao's estimated fortune exceeded $76 billion. According
to Forbes, Zhao owns 64% of the BNB supply —
about 89.1 million tokens. (FxPro)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group
Dream Match Series
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The
Streets Stipulation
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr H
News
Cryptocurrency
Movies
Documentaries
The
Rise and Rise of Bitcoin (2014) Follows early Bitcoin
adopter Daniel Mross, exploring Bitcoin’s origins,
its volatile rise, and the community behind it.
Great for understanding Bitcoin’s early days
and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019) A crime thriller starring Beau Knapp, Luke
Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Everything
is a gamble" Greg Tingle, Media Man Group
Markets,
Crypto and Culture
August
15, 2025
Sydney,
Australia
Markets
ASX
futures up 2 points to 8832 at 6.41am AEST
Australian dollar -0.8% to 64.97 US cents
Wall
St:
S&P 500 flat
Dow flat
NAS +0.1%
Europe:
Stoxx 50 +0.9%, FTSE +0.1%, DAX +0.8%, CAC +0.8%
Bitcoin
-4% to $US118,066
Gold
-0.6% to $US3335.42 per ounce
Oil
+2.2% to $US64.01 a barrel
Brent crude oil +2% to $US66.91 a barrel
Iron ore -1.1% to $US102.35 per ton
10-year
yield:
US 4.28%
Australia 4.21%
Germany 2.71%
News
Cryptos
Today: (Near Live)
Bitcoin
$117,672.99 USD -4.11%
Ethereum $4,458.95 USD -5.51%
Tether $1.00 USD +0.09%
XRP $3.05 USD -6.18%
BNB $829.16 USD -1.68%
News
Overnight
Bitcoin
hit new highs but then dropped back down
Market
Overview
The
crypto market cap rose to $4.20 trillion on Thursday
morning before dropping back down somewhat to $4.14
trillion. But even with the correction, the daily
gain is close to 2%, led by Bitcoin's slide to a
new peak of $124.5K. Among the major coins, Cardano
(+18%), Near Protocol (+6.2%) and Trump (+5.9%)
were the leaders.
The
sentiment index rose to 75, ready to move into the
extreme greed zone. It was previously held at this
level throughout the second half of July, but the
entire crypto market was in a range at that time.
(FxPro)
News
Flashback
Summer
Break for the Crypto Market
Market
Overview
The
cryptocurrency market began August with a relatively
narrow range of $3.6-3.8 trillion, ending Wednesday
at $3.72 trillion. The support received in the area
of previous peaks set in December and January suggests
that this is a temporary pause to lock in profits
and gain liquidity before a new surge. At the same
time, however, such sluggishness is turning away
the most active traders, who are used to seeing
multiple rallies. Now they have moved on to very
small projects.
On
Tuesday, Bitcoin was again approaching its 50-day
moving average. Such frequent testing of the medium-term
trend signal line indicates accumulated fatigue
in the first cryptocurrency. For comparison, the
crypto market's total capitalisation is still moving
significantly above its 50-day average, which is
currently around $3.57 trillion.
News
Background
Institutional
investors are actively buying up Ethereum, while
retail traders remain on the sidelines. SharpLink
bought 83,561 ETH ($264.5 million) last week at
an average price of $3,634. The company's reserves
amount to almost 522,000 ETH (~$1.9 billion). However,
Bitmine Immersion Tech remains the leader, with
833 coins worth over $3 billion. A total of 64 corporations
now own 2.96 million ETH ($10.81 billion) or 2.45%
of the total Ethereum supply.
Large
companies continue to buy Bitcoin, adding 26,700
BTC to their reserves in July. Strategy bought 21,021
BTC for $2.46 billion last week. According to BitcoinTreasuries,
public and private companies now hold 1.35 million
BTC ($155 billion) on their balance sheets —
more than 6% of the total digital gold supply.
US
regulators have proposed new rules for the crypto
industry. The CFTC has launched an initiative to
legalise spot trading of cryptocurrencies on registered
exchanges, and the SEC has updated its guidance
on stablecoin accounting rules.
USDe
from Ethena Labs has become the third-largest stablecoin.
Since mid-July, its capitalisation has grown by
75% to $9.5 billion. Demand for the asset may have
been spurred by high yields ranging from 10% to
19% per annum. The total capitalisation of all stablecoins
has been growing for the seventh month in a row
and is approaching $275 billion. (FxPro)
News
S&P500’s
buy-the-dip sentiment helped Bitcoin
The
sell-off of Bitcoin following Congress's passage
of a law regulating the circulation of stablecoins
and the retreat of US stock indices from record
highs allowed Bitcoin bears to push prices below
the lower boundary of the $116k—$120k consolidation
range. When it looked like a severe correction was
coming, US stocks stepped in again. Investors bought
up the S&P 500 dip, and Bitcoin immediately
bounced back.
Changes
in global risk appetite continue to be the main
driver of cryptocurrency prices. July saw a series
of record highs for the S&P 500, making it a
successful month for Bitcoin. Meanwhile, Bitcoin-focused
ETFs attracted $6 billion, the third-best result
in the history of specialised exchange-traded funds.
Ether ETFs were not far behind, with a record inflow
of $5.4 billion.
The
situation changed dramatically at the turn of July
and August. Interest in digital assets began to
cool. Coinbase's Bitcoin premium fell into the red
for the first time since May, indicating a decline
in demand from US investors. Open interest in Bitcoin
and Ether futures contracts fell by 13% and 21%,
respectively, compared to Bitcoin's record high.
According to Coinglass, on the last day of July,
$800 million in long positions across all cryptocurrencies
were liquidated.
Speculators
doubt the rally's continuation, while crypto treasuries
are buying Bitcoin under any conditions. On pullbacks
or at market prices, ‘Strategy’ acquired
more than 21,000 coins worth $2.46 billion during
the week of July 28th to August 3rd. This is the
third-largest cryptocurrency purchase by Michael
Saylor's company since records began. The average
price is the second highest in history. As a result,
Strategy's reserves have grown to more than $71
billion.
The
future dynamics of Bitcoin will depend on the fate
of US stock indices and capital flows into ETFs.
If the S&P 500's successes are temporary, Bitcoin
will be forced to undergo a deep correction. If
its quotes remain below the middle of the previous
consolidation range of $116k—$120k, the bears
are in control.
News
Bitcoin
tests support at 50-day MA
Market
Picture
The
crypto market rolled back at the end of last week
following a reduction in risk appetite in the financial
markets. However, on Sunday, sentiment changed with
the return of active buyers near the total capitalisation
of $3.60 trillion. At the time of writing, the market
is at $3.73 trillion (+3.6%). Less than 10% of the
top 100 coins show gains over 7 days, among which
the largest are TRON (+2.2%) and TON (+4.5%).
The
crypto market sentiment index fell to 53 by Sunday
morning, a six-week low, but recovered to 64 on
Monday, reflecting a resurgence of bullish sentiment.
However, another impressive upward move will be
needed to confirm a local victory for the bulls.
On
Saturday and Sunday, Bitcoin received support from
buyers on declines below $112K near the 50-day moving
average - the fourth touch of this curve since April.
On the “buy the dip” sentiment, the first
cryptocurrency recovered to $115K on Monday morning.
The rebound from support is a bullish signal for
the next couple of days, but the fact that it has
been tested frequently raises concerns for the medium
term. News Background
According
to SoSoValue, net outflows from spot Bitcoin ETFs
in the US amounted to $812.3 million on August 1,
the highest since February 25. As a result, the
weekly outflow from BTC ETFs amounted to $643 million,
a record high for the past 16 weeks.
The
net outflow from spot Ethereum ETFs in the US on
Friday amounted to $152.3 million. However, inflows
in the previous days of the week managed to keep
the indicator in positive territory (+$154.3 million).
The positive trend has continued for 12 consecutive
weeks.
Analyst
Ali Martinez says that over the past two days, Bitcoin
whales have bought 30,000 BTC. According to Santiment,
over the past four months, whales with balances
ranging from 10 to 10,000 BTC have accumulated 0.9%
of the total coin supply.
According
to The Block, trading volume on centralised crypto
exchanges exceeded $1.7 trillion in July (the highest
since February 2025), and trading volume on decentralised
exchanges (DEX) also reached its highest level since
January.
Galaxy
Digital warned of risks in the public company sector,
which accumulates cryptocurrencies by issuing shares.
The model creates systemic vulnerability and could
lead to a cascade collapse.
US
SEC Chairman Paul Atkins announced Project Crypto.
The project’s key objective is to establish
clear rules for cryptocurrencies and turn the US
into the “world’s crypto capital.”
(FxPro)
News
Flashback
Three
blows to oil in three days
Oil
has been under triple pressure since the end of
last week, losing more than 7% per barrel of WTI
since 31 July, reaching the important psychological
level of $65.
The
latest wave of oil sell-offs began with the realisation
that US trade tariffs from August will be higher
than initially expected, as higher tariffs are associated
with an economic slowdown and weaker demand for
energy. Fears of an economic slowdown intensified
after the release of unexpectedly weak US employment
data on Friday. Over the weekend, concerns were
heightened by OPEC+'s increase in production quotas,
which was reflected in the markets on Monday.
After
its latest meeting, OPEC+ announced that it would
increase production quotas for eight countries by
547,000 barrels per day starting in September.
Considering
the quota increases since April, the entire voluntarily
reduced volume of 2.2 million barrels per day will
return to the market. This is a rather bold decision,
given the growing fear that the global economy is
slowing down.
Some
link such steps by the cartel to the risks of supply
disruptions due to potential sanctions from the
US and the EU. In our opinion, it is also worth
considering the cartel's intention to regain its
market share from the US in this way.
Oil
producers in the US are very sensitive to price,
sharply cutting investment when prices fall. At
the beginning of April, there were 489 oil rigs
in operation, but according to data published on
Friday, this number has fallen to 410. In the long
term, a gradual increase in production efficiency
should be considered, but at intervals of six months,
it is unlikely that there will be any sharp progress.
Therefore, we can expect some US production reduction
and a gradual recovery in the share of traditional
oil producers such as Saudi Arabia, Russia and the
UAE.
The
price of WTI crude oil, which rose to close to $70
at its peak last week, has returned to the lower
end of the range since early June at $65. Closing
the day below 66 will mark a failure below the 200-
and 50-day moving averages, increasing the potential
for further declines.
If
OPEC+ really plans to increase its share of the
oil market, it may not oppose further price declines.
The intensification of negative trends in the global
and US economies could bring the price back to this
year's lows of $55 by the end of September and to
the lower end of the downward corridor of $50 by
the end of the year. However, further trends will
depend heavily on the reaction of monetary authorities
and oil producers. (FxPro)
News
Flashback
July
29, 2025
Ethereum
continues attempt to climb above $4,000
Market
Picture
The
crypto market lost 1%, falling back to a capitalisation
of $3.9 trillion. This was a natural pullback against
the backdrop of the dollar's impressive strengthening
the day before. However, on Tuesday, the bulls were
back in charge, bringing the market back to a level
above Monday's opening but not yet reaching its
peak.
Bitcoin
is trading near $118.7K, unable to break through
the resistance at $120K. This indecision to break
out of the range is likely to continue until the
market sees the Fed's key rate decision on Wednesday
evening.
Ethereum
rose to $3,930 at the end of the day, fell back
to $3,700 on Monday, where it found interest from
new buyers and rose to $3,830 at the time of writing.
The last seven days have seen a fairly sharp upward
trend, and if this trend continues, the price will
rise above 4,000 by the end of this week.
News
Background
According
to CoinShares, global investment inflows into crypto
funds last week amounted to $1.908 billion. Investments
in Ethereum increased by $1.595 billion, Solana
by a significant $312 million, XRP by $190 million,
and Sui by $8 million. Investments in Bitcoin decreased
by $175 million.
Japan's
Metaplanet announced the acquisition of 780 BTC
($92.5 million) at an average price of $118,600.
The company's total reserves now amount to 17,132
BTC, worth over $2 billion.
According
to Blockware, Bitcoin will no longer show ‘parabolic’
rallies or ‘devastating’ bear cycles,
as institutional investors have changed the market
dynamics and reduced volatility.
According
to Strategic ETH Reserve, the volume of the second
cryptocurrency on the balance sheets of public companies
has reached 2.32 million ETH (~$9.11 billion) —
1.92% of the total Ethereum supply. Bitmine Immersion
Tech, associated with Fundstrat founder Tom Lee,
pursues the most aggressive strategy. The company
has ~566,800 ETH ($2.23 billion) on its balance
sheet.
BNB,
the fifth-largest cryptocurrency by capitalisation,
updated its historical high above $860 on Monday.
Against this background, Binance founder Changpeng
Zhao's estimated fortune exceeded $76 billion. According
to Forbes, Zhao owns 64% of the BNB supply —
about 89.1 million tokens. (FxPro)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group
Dream Match Series
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The
Streets Stipulation
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr H
News
Cryptocurrency
Movies
Documentaries
The
Rise and Rise of Bitcoin (2014) Follows early Bitcoin
adopter Daniel Mross, exploring Bitcoin’s origins,
its volatile rise, and the community behind it.
Great for understanding Bitcoin’s early days
and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019) A crime thriller starring Beau Knapp, Luke
Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Everything
is a gamble" Greg Tingle, Media Man Group
Markets,
Crypto and Culture
August
13, 2025
Sydney,
Australia
Markets
ASX
futures up 20 points/0.2% to 8858
Australian
dollar -0.1% to 65.27 US cents
Wall
Street:
S&P 500 +1.1%
Dow Jones +1.1%
Nasdaq +1.4%
Europe:
Stoxx 50 +0.1%
FTSE +0.2%
DAX -0.2%
CAC +0.7%
Bitcoin
+1% to $US120,008
Gold
+0.2% to $US3348.26 per ounce
US
oil -1.3% to $US63.11 a barrel
Brent
crude oil -0.8% to $US66.12 a barrel
Iron
ore +0.9% to $US104.40 per ton
10-year
yield:
US 4.29%
Australia 4.24%
Germany 2.74%
News
Cryptos
Today: (Near Live)
Bitcoin
$119,583.76 USD +0.87%
Ethereum $4,564.07 USD +8.51%
Tether $0.9993 USD -0.03%
XRP $3.26 USD +4.27%
BNB $832.17 USD +4.08%
News
Summer
Break for the Crypto Market
Market
Overview
The
cryptocurrency market began August with a relatively
narrow range of $3.6-3.8 trillion, ending Wednesday
at $3.72 trillion. The support received in the area
of previous peaks set in December and January suggests
that this is a temporary pause to lock in profits
and gain liquidity before a new surge. At the same
time, however, such sluggishness is turning away
the most active traders, who are used to seeing
multiple rallies. Now they have moved on to very
small projects.
On
Tuesday, Bitcoin was again approaching its 50-day
moving average. Such frequent testing of the medium-term
trend signal line indicates accumulated fatigue
in the first cryptocurrency. For comparison, the
crypto market's total capitalisation is still moving
significantly above its 50-day average, which is
currently around $3.57 trillion.
News
Background
Institutional
investors are actively buying up Ethereum, while
retail traders remain on the sidelines. SharpLink
bought 83,561 ETH ($264.5 million) last week at
an average price of $3,634. The company's reserves
amount to almost 522,000 ETH (~$1.9 billion). However,
Bitmine Immersion Tech remains the leader, with
833 coins worth over $3 billion. A total of 64 corporations
now own 2.96 million ETH ($10.81 billion) or 2.45%
of the total Ethereum supply.
Large
companies continue to buy Bitcoin, adding 26,700
BTC to their reserves in July. Strategy bought 21,021
BTC for $2.46 billion last week. According to BitcoinTreasuries,
public and private companies now hold 1.35 million
BTC ($155 billion) on their balance sheets —
more than 6% of the total digital gold supply.
US
regulators have proposed new rules for the crypto
industry. The CFTC has launched an initiative to
legalise spot trading of cryptocurrencies on registered
exchanges, and the SEC has updated its guidance
on stablecoin accounting rules.
USDe
from Ethena Labs has become the third-largest stablecoin.
Since mid-July, its capitalisation has grown by
75% to $9.5 billion. Demand for the asset may have
been spurred by high yields ranging from 10% to
19% per annum. The total capitalisation of all stablecoins
has been growing for the seventh month in a row
and is approaching $275 billion. (FxPro)
News
S&P500’s
buy-the-dip sentiment helped Bitcoin
The
sell-off of Bitcoin following Congress's passage
of a law regulating the circulation of stablecoins
and the retreat of US stock indices from record
highs allowed Bitcoin bears to push prices below
the lower boundary of the $116k—$120k consolidation
range. When it looked like a severe correction was
coming, US stocks stepped in again. Investors bought
up the S&P 500 dip, and Bitcoin immediately
bounced back.
Changes
in global risk appetite continue to be the main
driver of cryptocurrency prices. July saw a series
of record highs for the S&P 500, making it a
successful month for Bitcoin. Meanwhile, Bitcoin-focused
ETFs attracted $6 billion, the third-best result
in the history of specialised exchange-traded funds.
Ether ETFs were not far behind, with a record inflow
of $5.4 billion.
The
situation changed dramatically at the turn of July
and August. Interest in digital assets began to
cool. Coinbase's Bitcoin premium fell into the red
for the first time since May, indicating a decline
in demand from US investors. Open interest in Bitcoin
and Ether futures contracts fell by 13% and 21%,
respectively, compared to Bitcoin's record high.
According to Coinglass, on the last day of July,
$800 million in long positions across all cryptocurrencies
were liquidated.
Speculators
doubt the rally's continuation, while crypto treasuries
are buying Bitcoin under any conditions. On pullbacks
or at market prices, ‘Strategy’ acquired
more than 21,000 coins worth $2.46 billion during
the week of July 28th to August 3rd. This is the
third-largest cryptocurrency purchase by Michael
Saylor's company since records began. The average
price is the second highest in history. As a result,
Strategy's reserves have grown to more than $71
billion.
The
future dynamics of Bitcoin will depend on the fate
of US stock indices and capital flows into ETFs.
If the S&P 500's successes are temporary, Bitcoin
will be forced to undergo a deep correction. If
its quotes remain below the middle of the previous
consolidation range of $116k—$120k, the bears
are in control.
News
Bitcoin
tests support at 50-day MA
Market
Picture
The
crypto market rolled back at the end of last week
following a reduction in risk appetite in the financial
markets. However, on Sunday, sentiment changed with
the return of active buyers near the total capitalisation
of $3.60 trillion. At the time of writing, the market
is at $3.73 trillion (+3.6%). Less than 10% of the
top 100 coins show gains over 7 days, among which
the largest are TRON (+2.2%) and TON (+4.5%).
The
crypto market sentiment index fell to 53 by Sunday
morning, a six-week low, but recovered to 64 on
Monday, reflecting a resurgence of bullish sentiment.
However, another impressive upward move will be
needed to confirm a local victory for the bulls.
On
Saturday and Sunday, Bitcoin received support from
buyers on declines below $112K near the 50-day moving
average - the fourth touch of this curve since April.
On the “buy the dip” sentiment, the first
cryptocurrency recovered to $115K on Monday morning.
The rebound from support is a bullish signal for
the next couple of days, but the fact that it has
been tested frequently raises concerns for the medium
term. News Background
According
to SoSoValue, net outflows from spot Bitcoin ETFs
in the US amounted to $812.3 million on August 1,
the highest since February 25. As a result, the
weekly outflow from BTC ETFs amounted to $643 million,
a record high for the past 16 weeks.
The
net outflow from spot Ethereum ETFs in the US on
Friday amounted to $152.3 million. However, inflows
in the previous days of the week managed to keep
the indicator in positive territory (+$154.3 million).
The positive trend has continued for 12 consecutive
weeks.
Analyst
Ali Martinez says that over the past two days, Bitcoin
whales have bought 30,000 BTC. According to Santiment,
over the past four months, whales with balances
ranging from 10 to 10,000 BTC have accumulated 0.9%
of the total coin supply.
According
to The Block, trading volume on centralised crypto
exchanges exceeded $1.7 trillion in July (the highest
since February 2025), and trading volume on decentralised
exchanges (DEX) also reached its highest level since
January.
Galaxy
Digital warned of risks in the public company sector,
which accumulates cryptocurrencies by issuing shares.
The model creates systemic vulnerability and could
lead to a cascade collapse.
US
SEC Chairman Paul Atkins announced Project Crypto.
The project’s key objective is to establish
clear rules for cryptocurrencies and turn the US
into the “world’s crypto capital.”
(FxPro)
News
Flashback
Three
blows to oil in three days
Oil
has been under triple pressure since the end of
last week, losing more than 7% per barrel of WTI
since 31 July, reaching the important psychological
level of $65.
The
latest wave of oil sell-offs began with the realisation
that US trade tariffs from August will be higher
than initially expected, as higher tariffs are associated
with an economic slowdown and weaker demand for
energy. Fears of an economic slowdown intensified
after the release of unexpectedly weak US employment
data on Friday. Over the weekend, concerns were
heightened by OPEC+'s increase in production quotas,
which was reflected in the markets on Monday.
After
its latest meeting, OPEC+ announced that it would
increase production quotas for eight countries by
547,000 barrels per day starting in September.
Considering
the quota increases since April, the entire voluntarily
reduced volume of 2.2 million barrels per day will
return to the market. This is a rather bold decision,
given the growing fear that the global economy is
slowing down.
Some
link such steps by the cartel to the risks of supply
disruptions due to potential sanctions from the
US and the EU. In our opinion, it is also worth
considering the cartel's intention to regain its
market share from the US in this way.
Oil
producers in the US are very sensitive to price,
sharply cutting investment when prices fall. At
the beginning of April, there were 489 oil rigs
in operation, but according to data published on
Friday, this number has fallen to 410. In the long
term, a gradual increase in production efficiency
should be considered, but at intervals of six months,
it is unlikely that there will be any sharp progress.
Therefore, we can expect some US production reduction
and a gradual recovery in the share of traditional
oil producers such as Saudi Arabia, Russia and the
UAE.
The
price of WTI crude oil, which rose to close to $70
at its peak last week, has returned to the lower
end of the range since early June at $65. Closing
the day below 66 will mark a failure below the 200-
and 50-day moving averages, increasing the potential
for further declines.
If
OPEC+ really plans to increase its share of the
oil market, it may not oppose further price declines.
The intensification of negative trends in the global
and US economies could bring the price back to this
year's lows of $55 by the end of September and to
the lower end of the downward corridor of $50 by
the end of the year. However, further trends will
depend heavily on the reaction of monetary authorities
and oil producers. (FxPro)
News
Flashback
July
29, 2025
Ethereum
continues attempt to climb above $4,000
Market
Picture
The
crypto market lost 1%, falling back to a capitalisation
of $3.9 trillion. This was a natural pullback against
the backdrop of the dollar's impressive strengthening
the day before. However, on Tuesday, the bulls were
back in charge, bringing the market back to a level
above Monday's opening but not yet reaching its
peak.
Bitcoin
is trading near $118.7K, unable to break through
the resistance at $120K. This indecision to break
out of the range is likely to continue until the
market sees the Fed's key rate decision on Wednesday
evening.
Ethereum
rose to $3,930 at the end of the day, fell back
to $3,700 on Monday, where it found interest from
new buyers and rose to $3,830 at the time of writing.
The last seven days have seen a fairly sharp upward
trend, and if this trend continues, the price will
rise above 4,000 by the end of this week.
News
Background
According
to CoinShares, global investment inflows into crypto
funds last week amounted to $1.908 billion. Investments
in Ethereum increased by $1.595 billion, Solana
by a significant $312 million, XRP by $190 million,
and Sui by $8 million. Investments in Bitcoin decreased
by $175 million.
Japan's
Metaplanet announced the acquisition of 780 BTC
($92.5 million) at an average price of $118,600.
The company's total reserves now amount to 17,132
BTC, worth over $2 billion.
According
to Blockware, Bitcoin will no longer show ‘parabolic’
rallies or ‘devastating’ bear cycles,
as institutional investors have changed the market
dynamics and reduced volatility.
According
to Strategic ETH Reserve, the volume of the second
cryptocurrency on the balance sheets of public companies
has reached 2.32 million ETH (~$9.11 billion) —
1.92% of the total Ethereum supply. Bitmine Immersion
Tech, associated with Fundstrat founder Tom Lee,
pursues the most aggressive strategy. The company
has ~566,800 ETH ($2.23 billion) on its balance
sheet.
BNB,
the fifth-largest cryptocurrency by capitalisation,
updated its historical high above $860 on Monday.
Against this background, Binance founder Changpeng
Zhao's estimated fortune exceeded $76 billion. According
to Forbes, Zhao owns 64% of the BNB supply —
about 89.1 million tokens. (FxPro)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group
Dream Match Series
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The
Streets Stipulation
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
Mr Paramount vs Mr Netflix
Mr ESPN vs Mr Fox
Mr Kross vs Mr H
News
Cryptocurrency
Movies
Documentaries
The
Rise and Rise of Bitcoin (2014) Follows early Bitcoin
adopter Daniel Mross, exploring Bitcoin’s origins,
its volatile rise, and the community behind it.
Great for understanding Bitcoin’s early days
and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019) A crime thriller starring Beau Knapp, Luke
Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Everything
is a gamble" Greg Tingle, Media Man Group
Cryptocurrency,
Markets, Business, World News and Culture
Thank
God It's Friday Edition Under The Media Watercooler
August
7/8, 2025
Media
Man Newsfeed
Stock
market growth has boosted altcoins more than BTC
Market
Overview
The
crypto market increased its capitalisation by almost
1% over the past day to $3.76 trillion. This smooth
recovery is consistent with the growing appetite
in the stock markets, where the Nasdaq100 is approaching
peak values, trading just over 1% below its historical
highs. The growth drivers remain the leading altcoins
ETH (+2.4%), XRP (+1.7%), Solana (+3.7%) and Dogecoin
(+2.7%) against a modest +0.7% for BTC.
Bitcoin
is approaching $115K on Thursday morning, reinforcing
confidence in a rebound from the 50-day moving average
in the first days of the month. However, the situation
is clouded by uncertainty due to trading within
a narrow range. Signals for a continuation of the
movement will be a breakout of support at $112K
(recent local lows and 50-day average) or a breakout
of resistance at $120K (July peaks and an important
round level).
News
Background
According
to Glassnode, Bitcoin has moved from a stage of
euphoria to a stage of cooling off, with pressure
from sellers intensifying. Demand from large companies
and investment funds is weakening, capital inflows
into spot Bitcoin ETFs have fallen by almost a quarter,
network activity is declining, and transfer volumes
and commission fees are shrinking. In such conditions,
any recovery will be short-lived, as there are no
fundamental catalysts for a rally.
Options
point to expectations of a decline in Bitcoin and
Ethereum by the end of August. Analyst Sean Dawson
notes that investors are hedging en masse in case
of a sharp pullback in BTC below $100,000.
Well-known
trader Ton Weiss suggested that the concentration
of Bitcoin in the hands of large American companies
creates risks of centralisation, and the US authorities
may try to confiscate it in the event of an economic
crisis, as they once did with gold. In his opinion,
this could happen in 2032–2033.
As
part of Project Crypto, the US SEC has clarified
that liquid staking is not usually subject to securities
laws.
US
President Donald Trump is going to sign an executive
order imposing penalties on banks that refuse to
serve crypto companies, The Wall Street Journal
reported, citing sources in the White House. (FxPro)
News
SEC
and Ripple Conclude XRP Lawsuit
The
U.S. Securities and Exchange Commission and Ripple
Labs have dismissed all appeals in their legal battle
over XRP, ending a case that began in December 2020.
A court previously ruled that XRP sales on public
exchanges did not constitute securities, while institutional
sales violated securities laws, resulting in a $125
million fine for Ripple. This resolution eliminates
further litigation and provides regulatory clarity
for the cryptocurrency.
News
Cryptos
Today: (Near Live)
Bitcoin
$116,400.26 USD +1.16%
Ethereum $3,886.75 USD +4.27%
XRP $3.34 USD +11.23%
Tether $0.9987 USD -0.19%
BNB: $784.56 USD +2.44%
Solana $175.11 USD +3.30%
USD Coin $0.9993 USD -0.07%
Dogecoin $0.2227 USD +8.31%
TRON $0.3375 USD -0.71%
News
Business
activity in the eurozone is growing, but very slowly
Business
activity in the eurozone is returning to growth
thanks to a turnaround in manufacturing since the
end of last year and a slight acceleration in the
pace of growth in services, according to data published
by S&P Global.
The
final composite PMI data for July showed an increase
to 50.9, rising for the third consecutive month
and repeating March's figures. Overall, the indicator
has returned to levels close to those seen in 2019,
indicating fairly sluggish economic growth.
Although
the manufacturing sector, for which data was published
on Friday, remains below 50, indicating a contraction,
this is significantly better than the 45.2 recorded
in November and December. This increase clearly
reflects the momentum of growth in defence spending
in the eurozone and the reduction in the key interest
rate, which increases the availability of credit.
The
services sector has remained in growth territory
for the past eight months, but is experiencing relatively
moderate growth rates, which does not suggest any
risks of accelerating inflation from this perspective.
An
important difference between 2025 and 2019 is the
ECB's key rate, which stands at 2.15% versus 0%,
respectively. The Central Bank has room to ease
policy, so we view the current data as moderately
bearish. (FxPro)
News
New
Zealand's labour market – a new reason to pause
the RBNZ's rate cuts
The
New Zealand dollar was able to swim against the
tide on Wednesday, strengthening against the dollar
more than its other competitors on positive labour
market statistics. NZDUSD has gained 0.6% since
the start of the day to 0.5930, hitting a weekly
high.
In
the second quarter, the number of people employed
fell by 0.9% compared to the same period a year
earlier, but this data was in line with average
forecasts. At the same time, the unemployment rate
was better than expected, rising from 5.1% to 5.2%,
while 5.3% was expected. Salaries rose 0.6% for
the quarter and were 2.2% higher than a year earlier
— quite healthy figures above forecasts.
There
is hope that the labour market is seeing a reversal
in wage growth compared to the 0.4% increase in
the first three months of the year. This looks like
the first signs of the economy's response to the
cycle of policy easing that began a year ago. During
this time, the RBNZ cut its key rate by two percentage
points to 3.25%.
Labour
market indicators complement inflation statistics,
which show an acceleration from 2.2% at the end
of last year to 2.7% year-on-year at the end of
the second quarter. Such an acceleration could be
a strong argument in favour of at least pausing
the rate cuts at the next meeting on August 20.
(FxPro)
News
August
5, 2025
Resilient
dollar despite weak jobs data
The
US employment report published on Friday confirmed
its status as the economic report with pivotal status.
The dismissal of the head of the Bureau of Labour
Statistics is a high-profile political precedent,
but we are interested in the consequences for the
markets.
Employment
growth of 73K was reported, significantly lower
than the expected 106K. But the main shock was the
revision for May from 144K to 19K and for June from
147K to 14K. Businesses barely created any new jobs
in the first months after the tariffs were introduced,
in contrast to ‘business as usual’ before
the publication.
This
report radically reversed the trend in the debt
market. Over the past few weeks, markets have been
pushing back the Fed's rate cuts further into the
future and reducing the number of expected cuts
in subsequent quarters. The peak of this revaluation
came shortly after the FOMC comments on 30 July.
At that time, the markets were pricing in a more
than 60% chance that there would be no easing in
September, and the main scenario until the end of
the year was only one cut.
Now,
the probability of a cut in September exceeds 90%,
and the chances of three cuts by the end of the
year are 47%, i.e. a 25-basis-point cut at each
of the remaining meetings.
Investors
in the stock markets prefer to see the positive
side of the situation, expecting that lower rates
will boost corporate earnings. In addition, lower
bond yields at lower rates increase the attractiveness
of equities.
Somewhat
unusually, the dollar, which lost 1.5% on Friday,
recovered a third of its losses, adding 0.5% to
its lows, despite the clearly negative news for
the USD. We previously said that such a reaction
was expected due to the US currency's accumulated
oversoldness due to its downward trend since January.
Technically,
the 50-day moving average, which acted as resistance
until mid-July, helped to stop the dollar's decline.
Fundamentally, the dollar may be boosted by the
familiar idea that in Europe and other parts of
the world, the slowdown in US consumption will lead
to an even greater slowdown, forcing further policy
easing.
At
the same time, it is worth being cautious with bullish
forecasts for the dollar, as its growth still has
several control points to pass. First, it is worth
looking at the dynamics of the DXY near its latest
peak of 100 against the current 98.8. The next confirmation
of a long-term reversal in the dollar trend will
be a break above 102, an important peak in May,
near which the 200-day moving average and the 61.8%
level of the decline from the January peak to the
June bottom also pass. Breaking through this level
will prove that the movement has risen from a corrective
rebound to a reversal, opening growth potential
to 110. (FxPro)
News
August
8, 2025
Markets
Australian
Dollar: $0.6523 USD (up $0.0023 USD)
Iron
Ore: $102.00 USD (up $0.05 USD)
Oil:
$63.83 USD (down $0.44 USD)
Gold:
$3,396.07 USD (up $27.76 USD)
Copper:
$4.4140 USD (up $0.0010 USD)
Bitcoin:
$117,275.06 USD (up 1.83%)
Dow
Jones: 43,968.64 (down 224.48 points)
News
Business
(Australia and World)
August
8, 2025
Shares
trade near record; ASX Limited tumbles
The
Australian sharemarket edged lower on Thursday,
with the S&P/ASX 200 shedding 0.1 per cent to
close at 8,831.4 points. ASX Limited was down 8.6
per cent at $64.22, Resmed fell 2.1 per cent to
$43.02 and the Commonwealth Bank eased 0.5 per cent
to end the session at $178.13. However, JB Hi-Fi
rose 1.8 per cent to $116.41, Westgold Resources
was up 5.1 per cent at $2.90 and Neuren Pharmaceuticals
finished 3.2 per cent higher at $17.55. (RMS)
News
Doubts
over gold's 'safe haven' status despite record run
The
gold price has risen by nearly 30 per cent so far
in 2025, having reached a record high of $US3,500
an ounce in April. However, analysis by Bhanu Singh
from Dimensional Fund Advisors has raised doubts
about gold's long-standing reputation as a 'safe
haven' asset. Singh has found that gold rose in
just over 50 per cent of calendar years between
1980 and 2024; in contrast, the Australian sharemarket
rose in 73 per cent of the years during that period.
Singh says people do not realise that gold is a
more volatile asset class than shares. (RMS)
News
ANZ
staff await Matos' vision
The
ANZ Bank's CEO Nuno Matos has yet to outline his
strategy for the 'big four' bank, several months
after he succeeded Shayne Elliott. However, Matos
is said to have told analysts in closed-door meetings
that he intends to 'transform' ANZ. Sources within
the bank have claimed that his strategy will include
significant job cuts and outsourcing more roles
to India. The Finance Sector Union's national president
Wendy Streets has accused Matos of treating ANZ
employees as "disposable". (Roy Morgan
Summary)
News
ASX
takes $35m hit from ASIC inquiry as rival Cboe lurks
The
ASX has advised that it will spend between $25m
and $35m this financial year on legal costs and
resourcing on an Australian Securities & Investments
Commission inquiry into it. The inquiry was launched
in June after a series of failures by the ASX that
have called into question its ability to keep the
Australian sharemarket functioning properly, while
it is understood that ASIC has broadened its inquiry
to take in the ASX's latest error, which saw it
confuse listed telco TPG Telecom with private equity
firm TPG Capital. The mistake, which had TPG Telecom
buying software provider Infomedia when it was actually
TPG Capital. (RMS)
News
The
Wolf Of Wall Street
The
Wolf of Wall Street is a 2013 film directed by Martin
Scorsese, based on Jordan Belfort's memoir. It follows
Belfort, played by Leonardo DiCaprio, a stockbroker
who rises to wealth through fraudulent schemes in
the 1990s, indulging in a hedonistic lifestyle of
drugs, sex, and excess. His firm, Stratton Oakmont,
manipulates stock prices to scam investors, leading
to millions in ill-gotten gains. The FBI eventually
catches up, and Belfort’s empire collapses.
The movie blends dark comedy, drama, and satire,
critiquing greed and the American Dream.
Key
details:
Cast: Leonardo DiCaprio (Jordan Belfort), Jonah
Hill (Donnie Azoff), Margot Robbie (Naomi Lapaglia),
Matthew McConaughey (Mark Hanna).
Runtime:
3 hours.
Rating:
R (for graphic nudity, drug use, language, and violence).
Box
Office: Grossed over $392 million worldwide.
Reception:
Praised for its energy, performances, and Scorsese’s
direction; criticized by some for glorifying excess.
Nominated for five Oscars, including Best Picture
and Best Actor. (Grok)
News
The
Social Network: News
No
official release date or production timeline has
been confirmed, and the casting deals are not yet
finalized.
These
details stem from entertainment industry sources
like Deadline and The Hollywood Reporter, shared
via posts on XThe primary news surrounding The Social
Network relates to the development of a sequel,
tentatively referred to as The Social Network Part
II.
Here
are the key details based on recent reports:
Sequel
Announcement and Casting: Aaron Sorkin, the writer
of the original 2010 film, is set to write and direct
the sequel. The project is in early development,
with Mikey Madison and Jeremy Allen White as top
choices to star. Madison would portray Frances Haugen,
the whistleblower who disclosed Facebook’s
documents in 2021, while White would play Jeff Horwitz,
the journalist who investigated the Facebook Files.
Jeremy Strong is a frontrunner to play Mark Zuckerberg,
a role originally portrayed by Jesse Eisenberg.
Focus
of the Sequel: The sequel is expected to explore
significant events post-2010, particularly the 2021
Facebook Files leak, which revealed internal documents
about the company’s practices. This suggests
a shift in narrative from the founding of Facebook
to its later controversies.
Context
and Relevance: The original film chronicled the
creation of Facebook and the legal battles involving
Mark Zuckerberg and his co-founders. A sequel could
delve into the platform’s evolution, its impact
on society, and ongoing scrutiny over data privacy
and misinformation, reflecting current debates about
social media’s role in public discourse. (Grok)
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Everything
is a gamble" Greg Tingle, Media Man Group
News
Best
Quotes Of The Day
The
best and biggest gold mine is in between your ears."
"You
are a gold mine of potential power. You have to
dig to find it and make it real."
"Your
mind is like a gold mine, if you dig deep you will
find something golden."
"Don't
die without mining the gold in your mind."
"We're
like goldfields. Until we dig deep to find what's
inside us, our true potentials may be hidden forever."
"If
you want to find gold, you've got to love the process
of digging."
"Even
if you're sitting on a gold mine, you still have
to dig."
"Develop
men the same way gold is mined"
"Don't
go into the mine looking for dirt; instead, go in
looking for the gold."
"A
prospector's job is to remove dirt as quickly as
possible"
"A
prospector who analyses every speck of dirt won't
find much gold"
"The
world is sitting on a gold mine but knows it not."
"Make new friends, but keep the old; Those
are silver, these are gold."
"All
that is gold does not glitter."
"Gold
is forever. It is beautiful, useful, and never wears
out"
"Gold
is the money of kings"
"Mining
is the art of exploiting mineral deposits at a profit.
An unprofitable mine is fit only for the sepulcher
of a dead mule."
"Anyone
can find the dirt in someone. Be the one that finds
the gold."
"True
gold fears no fire."
"The
desire of gold is not for gold. It is for the means
of freedom and benefit."
"Make
new friends, but keep the old; Those are silver,
these are gold."
"When
taken for granted, gold in one's hand is sometimes
considered like cheap copper – so are people."
Markets,
Crypto and Culture
August
7, 2025
Sydney,
Australia
Markets
ASX
futures down 24 points/0.3% to 8782
Australian
dollar +0.5% to 65.02 US cents
Wall
Street:
S&P 500 +0.7%
Dow +0.2%
Nasdaq +1.2%
Europe:
Stoxx 50 +0.3%
FTSE +0.2%
DAX +0.3%
CAC +0.2%
Bitcoin
+1.3% to $US115,115
Gold
-0.4% to $US3368.83 per ounce
Oil -1.5% to $US64.19 a barrel
Brent crude oil -1.4% to $US66.72 a barrel
Iron ore -0.5% to $US101.95 per ton
10-year
yield:
US 4.23%
Australia 4.25%
Germany 2.65%
News
Cryptos
Today: (Near Live)
Bitcoin
$115,228.43 USD +1.52%
Ethereum $3,674.05 USD +3.25%
Tether $1.00 USD +0.02%
XRP $3.00 USD +2.50%
BNB $770.47 USD +3.07%
News
Summer
Break for the Crypto Market
Market Overview
The cryptocurrency market began August with a relatively
narrow range of $3.6-3.8 trillion, ending Wednesday
at $3.72 trillion. The support received in the area
of previous peaks set in December and January suggests
that this is a temporary pause to lock in profits
and gain liquidity before a new surge. At the same
time, however, such sluggishness is turning away
the most active traders, who are used to seeing
multiple rallies. Now they have moved on to very
small projects.
On
Tuesday, Bitcoin was again approaching its 50-day
moving average. Such frequent testing of the medium-term
trend signal line indicates accumulated fatigue
in the first cryptocurrency. For comparison, the
crypto market's total capitalisation is still moving
significantly above its 50-day average, which is
currently around $3.57 trillion.
News
Background
Institutional investors are actively buying up Ethereum,
while retail traders remain on the sidelines. SharpLink
bought 83,561 ETH ($264.5 million) last week at
an average price of $3,634. The company's reserves
amount to almost 522,000 ETH (~$1.9 billion). However,
Bitmine Immersion Tech remains the leader, with
833 coins worth over $3 billion. A total of 64 corporations
now own 2.96 million ETH ($10.81 billion) or 2.45%
of the total Ethereum supply.
Large
companies continue to buy Bitcoin, adding 26,700
BTC to their reserves in July. Strategy bought 21,021
BTC for $2.46 billion last week. According to BitcoinTreasuries,
public and private companies now hold 1.35 million
BTC ($155 billion) on their balance sheets —
more than 6% of the total digital gold supply.
US
regulators have proposed new rules for the crypto
industry. The CFTC has launched an initiative to
legalise spot trading of cryptocurrencies on registered
exchanges, and the SEC has updated its guidance
on stablecoin accounting rules.
USDe
from Ethena Labs has become the third-largest stablecoin.
Since mid-July, its capitalisation has grown by
75% to $9.5 billion. Demand for the asset may have
been spurred by high yields ranging from 10% to
19% per annum. The total capitalisation of all stablecoins
has been growing for the seventh month in a row
and is approaching $275 billion. (FxPro)
News
S&P500’s
buy-the-dip sentiment helped Bitcoin
The
sell-off of Bitcoin following Congress's passage
of a law regulating the circulation of stablecoins
and the retreat of US stock indices from record
highs allowed Bitcoin bears to push prices below
the lower boundary of the $116k—$120k consolidation
range. When it looked like a severe correction was
coming, US stocks stepped in again. Investors bought
up the S&P 500 dip, and Bitcoin immediately
bounced back.
Changes
in global risk appetite continue to be the main
driver of cryptocurrency prices. July saw a series
of record highs for the S&P 500, making it a
successful month for Bitcoin. Meanwhile, Bitcoin-focused
ETFs attracted $6 billion, the third-best result
in the history of specialised exchange-traded funds.
Ether ETFs were not far behind, with a record inflow
of $5.4 billion.
The
situation changed dramatically at the turn of July
and August. Interest in digital assets began to
cool. Coinbase's Bitcoin premium fell into the red
for the first time since May, indicating a decline
in demand from US investors. Open interest in Bitcoin
and Ether futures contracts fell by 13% and 21%,
respectively, compared to Bitcoin's record high.
According to Coinglass, on the last day of July,
$800 million in long positions across all cryptocurrencies
were liquidated.
Speculators
doubt the rally's continuation, while crypto treasuries
are buying Bitcoin under any conditions. On pullbacks
or at market prices, ‘Strategy’ acquired
more than 21,000 coins worth $2.46 billion during
the week of July 28th to August 3rd. This is the
third-largest cryptocurrency purchase by Michael
Saylor's company since records began. The average
price is the second highest in history. As a result,
Strategy's reserves have grown to more than $71
billion.
The
future dynamics of Bitcoin will depend on the fate
of US stock indices and capital flows into ETFs.
If the S&P 500's successes are temporary, Bitcoin
will be forced to undergo a deep correction. If
its quotes remain below the middle of the previous
consolidation range of $116k—$120k, the bears
are in control.
News
Bitcoin
tests support at 50-day MA
Market
Picture
The
crypto market rolled back at the end of last week
following a reduction in risk appetite in the financial
markets. However, on Sunday, sentiment changed with
the return of active buyers near the total capitalisation
of $3.60 trillion. At the time of writing, the market
is at $3.73 trillion (+3.6%). Less than 10% of the
top 100 coins show gains over 7 days, among which
the largest are TRON (+2.2%) and TON (+4.5%).
The
crypto market sentiment index fell to 53 by Sunday
morning, a six-week low, but recovered to 64 on
Monday, reflecting a resurgence of bullish sentiment.
However, another impressive upward move will be
needed to confirm a local victory for the bulls.
On
Saturday and Sunday, Bitcoin received support from
buyers on declines below $112K near the 50-day moving
average - the fourth touch of this curve since April.
On the “buy the dip” sentiment, the first
cryptocurrency recovered to $115K on Monday morning.
The rebound from support is a bullish signal for
the next couple of days, but the fact that it has
been tested frequently raises concerns for the medium
term. News Background
According
to SoSoValue, net outflows from spot Bitcoin ETFs
in the US amounted to $812.3 million on August 1,
the highest since February 25. As a result, the
weekly outflow from BTC ETFs amounted to $643 million,
a record high for the past 16 weeks.
The
net outflow from spot Ethereum ETFs in the US on
Friday amounted to $152.3 million. However, inflows
in the previous days of the week managed to keep
the indicator in positive territory (+$154.3 million).
The positive trend has continued for 12 consecutive
weeks.
Analyst
Ali Martinez says that over the past two days, Bitcoin
whales have bought 30,000 BTC. According to Santiment,
over the past four months, whales with balances
ranging from 10 to 10,000 BTC have accumulated 0.9%
of the total coin supply.
According
to The Block, trading volume on centralised crypto
exchanges exceeded $1.7 trillion in July (the highest
since February 2025), and trading volume on decentralised
exchanges (DEX) also reached its highest level since
January.
Galaxy
Digital warned of risks in the public company sector,
which accumulates cryptocurrencies by issuing shares.
The model creates systemic vulnerability and could
lead to a cascade collapse.
US
SEC Chairman Paul Atkins announced Project Crypto.
The project’s key objective is to establish
clear rules for cryptocurrencies and turn the US
into the “world’s crypto capital.”
(FxPro)
News
Three
blows to oil in three days
Oil
has been under triple pressure since the end of
last week, losing more than 7% per barrel of WTI
since 31 July, reaching the important psychological
level of $65.
The
latest wave of oil sell-offs began with the realisation
that US trade tariffs from August will be higher
than initially expected, as higher tariffs are associated
with an economic slowdown and weaker demand for
energy. Fears of an economic slowdown intensified
after the release of unexpectedly weak US employment
data on Friday. Over the weekend, concerns were
heightened by OPEC+'s increase in production quotas,
which was reflected in the markets on Monday.
After
its latest meeting, OPEC+ announced that it would
increase production quotas for eight countries by
547,000 barrels per day starting in September.
Considering
the quota increases since April, the entire voluntarily
reduced volume of 2.2 million barrels per day will
return to the market. This is a rather bold decision,
given the growing fear that the global economy is
slowing down.
Some
link such steps by the cartel to the risks of supply
disruptions due to potential sanctions from the
US and the EU. In our opinion, it is also worth
considering the cartel's intention to regain its
market share from the US in this way.
Oil
producers in the US are very sensitive to price,
sharply cutting investment when prices fall. At
the beginning of April, there were 489 oil rigs
in operation, but according to data published on
Friday, this number has fallen to 410. In the long
term, a gradual increase in production efficiency
should be considered, but at intervals of six months,
it is unlikely that there will be any sharp progress.
Therefore, we can expect some US production reduction
and a gradual recovery in the share of traditional
oil producers such as Saudi Arabia, Russia and the
UAE.
The
price of WTI crude oil, which rose to close to $70
at its peak last week, has returned to the lower
end of the range since early June at $65. Closing
the day below 66 will mark a failure below the 200-
and 50-day moving averages, increasing the potential
for further declines.
If
OPEC+ really plans to increase its share of the
oil market, it may not oppose further price declines.
The intensification of negative trends in the global
and US economies could bring the price back to this
year's lows of $55 by the end of September and to
the lower end of the downward corridor of $50 by
the end of the year. However, further trends will
depend heavily on the reaction of monetary authorities
and oil producers. (FxPro)
News
Flashback
July
29, 2025
Ethereum
continues attempt to climb above $4,000
Market
Picture
The
crypto market lost 1%, falling back to a capitalisation
of $3.9 trillion. This was a natural pullback against
the backdrop of the dollar's impressive strengthening
the day before. However, on Tuesday, the bulls were
back in charge, bringing the market back to a level
above Monday's opening but not yet reaching its
peak.
Bitcoin
is trading near $118.7K, unable to break through
the resistance at $120K. This indecision to break
out of the range is likely to continue until the
market sees the Fed's key rate decision on Wednesday
evening.
Ethereum
rose to $3,930 at the end of the day, fell back
to $3,700 on Monday, where it found interest from
new buyers and rose to $3,830 at the time of writing.
The last seven days have seen a fairly sharp upward
trend, and if this trend continues, the price will
rise above 4,000 by the end of this week.
News
Background
According
to CoinShares, global investment inflows into crypto
funds last week amounted to $1.908 billion. Investments
in Ethereum increased by $1.595 billion, Solana
by a significant $312 million, XRP by $190 million,
and Sui by $8 million. Investments in Bitcoin decreased
by $175 million.
Japan's
Metaplanet announced the acquisition of 780 BTC
($92.5 million) at an average price of $118,600.
The company's total reserves now amount to 17,132
BTC, worth over $2 billion.
According
to Blockware, Bitcoin will no longer show ‘parabolic’
rallies or ‘devastating’ bear cycles,
as institutional investors have changed the market
dynamics and reduced volatility.
According
to Strategic ETH Reserve, the volume of the second
cryptocurrency on the balance sheets of public companies
has reached 2.32 million ETH (~$9.11 billion) —
1.92% of the total Ethereum supply. Bitmine Immersion
Tech, associated with Fundstrat founder Tom Lee,
pursues the most aggressive strategy. The company
has ~566,800 ETH ($2.23 billion) on its balance
sheet.
BNB,
the fifth-largest cryptocurrency by capitalisation,
updated its historical high above $860 on Monday.
Against this background, Binance founder Changpeng
Zhao's estimated fortune exceeded $76 billion. According
to Forbes, Zhao owns 64% of the BNB supply —
about 89.1 million tokens. (FxPro)
News
Pop
Culture News
Dream
Matches: Fantasy Booking/Sports; Media Man Group
Dream Match Series
Million
Dollar Man vs IRS
Michael Wall Street vs Billionaire Ted
Mr X vs Mr BTC
Mr Green vs Mr Cash
VKM vs Easy E
Vinnie Vegas vs Mr Corbin
Mr Corp Merch vs Mr Freelance
Masked Superstar vs John McAfee
Sid Justice vs Mr Blood Diamond
Mr Bluey Chipper vs Street Fighter - King Of The
Street Stipulation
Mr Dotcom vs Mr Wiki
Mr Gold vs Mr Green - Money In The Bank Ladder Match
Khan vs Khan - Winner Take All Match
Mr Wolff vs The Cleaner
Mr News vs Mr Vice - U.S Market Footprint Stipulation
News
Cryptocurrency
Movies
Documentaries
The
Rise and Rise of Bitcoin (2014) Follows early Bitcoin
adopter Daniel Mross, exploring Bitcoin’s origins,
its volatile rise, and the community behind it.
Great for understanding Bitcoin’s early days
and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto
(2019) A crime thriller starring Beau Knapp, Luke
Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life
on Bitcoin (2014): Follows a couple attempting to
live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
News
Wall
Street (Movie)
Wall
Street (1987), directed by Oliver Stone, is a drama
about ambition and greed in the 1980s financial
world. It follows Bud Fox (Charlie Sheen), a young
stockbroker desperate to succeed, who gets entangled
with Gordon Gekko (Michael Douglas), a ruthless
corporate raider. Gekko’s mantra, “Greed
is good,” drives the story as Bud is lured
into insider trading and unethical deals, compromising
his morals for wealth and power. The film explores
themes of capitalism, loyalty, and betrayal, with
Bud navigating pressures from Gekko, his father
(Martin Sheen), and his own conscience.
Key
Details:
Cast:
Michael Douglas (Gordon Gekko), Charlie Sheen (Bud
Fox), Daryl Hannah (Darien Taylor), Martin Sheen
(Carl Fox). Runtime: 2h 6m. Genre: Drama/Crime.
Rating: R. Box Office: ~$44 million (US).
Awards:
Michael Douglas won the Academy Award for Best Actor.
Notable
Aspects:
Gekko’s
“Greed is good” speech is iconic, reflecting
1980s excess.
Inspired
by real-life figures like Ivan Boesky and Michael
Milken.
A
sequel, Wall Street: Money Never Sleeps (2010),
continued the story.
Where
to Watch (as of 2025):
Streaming:
Available on platforms like Peacock or rentable
on Amazon, YouTube, or Apple TV (check current availability).
Physical: DVD/Blu-ray via retailers like Amazon.
News
Gold,
copper, & silver: How metals are moving this
year
Metal
futures have made some pretty dramatic moves lately
from safe haven gold to tariff sensitive copper.
So let's take a look at the longer term trends.
I'm Jared Blikre, host of Stocks in Translation.
And I'm going to start by charting some of the moves
in Dr. Copper because this is where we have the
most zig and zags over the last 25 years. So this
goes back to the beginning of the century and we
can see right now, we're at $5.51 per pound. That
is a record high. But if we go back to the beginning
of the century, guess what? Uh we had a little bit
of a slump in the wake of the dot com boom and then
bust, but starting in 2003, we saw a big rise there.
And that was as China actually joined the World
Trade Organization or the WTO. That lasted into
the global financial crisis. Then we had a pretty
big bust in in Dr. Copper, and then we had another
rise. And that rise was due to unprecedented stimulus,
not only from the Chinese government, but also from
the United States government, QE was in force, and
then we saw kind of a strong dollar play. That weighed
on this metal all the way into the beginning of
2016. The entire world, most of the world indices
went through a bear market in 2015, and then 2016,
we found the footing. And that was actually the
year that Trump won, began his first presidency.
And from there, we saw some zig and zags, and then
we saw a shock into the pandemic. A couple of, a
couple of years of deflation or a semi-deflation,
disinflation, that caught up with it in 2022, but
then it was off to the races again. And especially
with the Trump tariffs now on copper, threatening
to be threatening to be 50% on August 1st, we're
seeing a lot of front running in this trade. Now,
I also want to show you gold futures and I'm going
to show you silver as well. And they follow a very
similar pattern. We're not seeing the dramatic zig
and zags that we did in copper, but we did see the
same pattern of China joining the WTO, contributing
to that huge rise in price to 1800, almost $2,000
an ounce by the beginning of the global financial
crisis. So a little bit of a meltdown there. But
in 2016 into 2018, we saw a bit of a rise into the
pandemic, a little bit of a whipsaw there, and consolidation
over a few years. Again, that 2022 bare market in
US stocks that contributed to some deflation and
disinflation globally, supply chain chain shocks
came into force again, and then we saw this huge
rise beginning in late 2023, and we are now at 3353.
We've seen a high of as much as $3,500 per ounce.
And gold is kind of unique among the precious metals
and also the industrial metals, and this is because
central banks have been a huge determining force
in their buying of it. This is a bar chart that
shows central bank buying in tons going back all
the way to 2010. And what you notice here is the
last three years, 2022, 2023, 2024, all of those
had gold being bought by central banks of in the
amount of over 1,000 tons. And so that's a pretty
big dramatic increase from the prior years. And
this has to do with the ongoing dedollarization
in China, as well as Russia, but also a host of
other countries, even some in western and eastern
Europe. So this is a trend that we want to follow.
Uh, I want to close out here with silver, and I'm
going to just chart the price action. Again, very
similar chart to gold and copper in terms of the
big movements here. We saw a big price spike into
almost $50 per ounce, and that was just as the global
financial crisis was getting underway. And then
the QE area in 2011, that's when we saw that high.
Then we saw a dramatic, dramatic crash into 2016,
kind of found its footing, saw a big squeeze in
the early pandemic, 2020 was a great year for silver,
but then we saw a little bit of a fallout. And again,
silver is on the rise here at $38. It's still off
of that $50 record high, but it is increasing very
quickly. To round out the conversation, I want to
just put on a table here. I have all three medals
and just kind of grouping them together. I want
to display how they are moving with their specific
patterns with a trigger, and then to tell you which
one of these is featured in these specific criteria.
So here, under the pattern, we have acceleration.
So that would be an economic acceleration. The trigger
would be liquidity. And when that happens, we see
all metals benefiting from that. And then when there's
a safe haven scare, and that trigger would be a
crisis of some sorts, you're going to see gold and
silver outperforming the most, kind of leaving Dr.
Copper behind. And then here's a bearish one, industrial
drags, that affects copper disproportionately here,
and the trigger there is typically a stronger US
dollar because the US dollar surges when global
global industrials tend to drag, and that's because
the US is the least dirty shirt in the laundry basket
of the world. And then finally here, we have a policy
shock. This will affect all three medals, but especially
copper and gold here. Um, arguably, the biggest
reason is tariffs and debt, and we've seen both
of those contribute to silver rising. So we could
put all three in that basket as well. But when you
put it all together, we have the perfect explosive
mix for all three of these metals, including palladium
and also platinum, which we didn't get to have time
for, but all of these are experiencing huge thrust
in 2025. And we'll have to see how these tariffs
play out, especially on Dr. Copper with respect
to that August 1st deadline. Remember, 50% there.
So tune into Stocks in Translation for more jargon
busting deep dives, new episodes on Tuesdays and
Thursdays on Yahoo Finances website, or wherever
you find your podcast. (Transcript from Yahoo! Finance
podcast)
News
Best
Quotes
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Media
Man
"Everything
is a gamble" Greg Tingle, Media Man Group
Crypto,
Bitcoin, FinTech, Comms News
August
1, 2025
Crypto:
A weak start to a difficult month
Market
Picture
The
crypto market lost 2.7% over the past 24 hours to
$3.75 trillion, the level of a week earlier. As
this was not the first day of decline, the biggest
hit was to altcoins, with ETH losing 5.6% and XRP
losing 6%, compared to a 3% loss for BTC.
The
cryptocurrency sentiment index fell to 65, its lowest
level since 8 July, after three weeks of extreme
greed. Clearly, the inability to grow disappointed
speculators and increased bearish sentiment.
Bitcoin
is trading at $115K, falling below $114K at the
most vulnerable time at the start of Asian trading.
The first cryptocurrency has given up almost half
of its gains from the lows at the start of the month
to the peaks on 14 July. Heavy selling in the second
half of the month is darkening the clouds, but it
will take more than just fatigue and a lack of news
to reverse the trend. Last month and August 2024
also saw a weak start, so this comes as no surprise.
News
Background
Bitcoin
rose 8.3% in July to $116,500, strengthening for
the fourth consecutive month after a two-month decline.
In terms of seasonality, August is considered one
of the two most unfavourable months for BTC. Over
the past 14 years, Bitcoin has ended the month with
growth only five times and has declined nine times.
For the last three years, Bitcoin has been unsuccessful.
The average decline was 14.7%, while the average
growth was 26%.
According
to Strategic ETH Reserve, corporate Ethereum reserves
exceeded $10 billion. Sixty-five companies hold
2.73 million ETH on their balance sheets, which
is 2.26% of the second cryptocurrency's total supply.
Standard
Chartered Bank expects large companies to accumulate
Ethereum as a strategic asset and buy up to 10%
of the cryptocurrency's total supply.
The
American bank JPMorgan has announced an expansion
of its cooperation with the Coinbase crypto exchange.
The bank's customers will be allowed to buy cryptocurrencies
using credit cards. (FxPro)
News
Blockchain
News
Maldives
Financial Hub: The Maldives has partnered with Dubai-based
MBS Global Investments to create a blockchain and
digital assets financial hub in Malé, valued
at $8.8 billion, aiming to diversify its economy.
Bitcoin’s
Market Surge: Bitcoin’s market cap hit $2.4
trillion, surpassing Amazon, silver, and Alphabet,
driven by a July rally. It rose 11% in late April,
nearing a two-month high of $94,000, fueled by potential
U.S. tariff reductions and strong corporate earnings.
Ethereum’s
Fusaka Upgrade: Ethereum’s upcoming Fusaka
hard fork, expected in November, will focus on performance
and security improvements without new user features.
Solana’s
Capacity Boost: Solana plans to increase its block
capacity from 60 million to 100 million compute
units to enhance transaction throughput and reduce
network congestion.
Corporate
Blockchain Adoption: A Deloitte survey indicates
99% of CFOs at billion-dollar firms expect long-term
crypto adoption, with nearly 25% planning integration
within two years.
Stablecoin
Developments: AllUnity’s EURAU stablecoin launched,
but euro-denominated stablecoins remain a small
fraction (0.2%) of the market despite 60% growth
since late 2024. Amazon and Walmart’s stablecoin
explorations raise privacy concerns.
Security
and Hacks: A critical bug in SuperRare’s staking
contract led to a $731,000 theft in RARE tokens,
highlighting persistent vulnerabilities in blockchain
systems.
U.S.
Regulatory Moves: The SEC introduced new listing
standards for crypto asset-based ETPs, and the White
House released a crypto roadmap, though details
on a U.S. Bitcoin reserve remain unclear.
Innovations
and Partnerships: The Philippines launched a blockchain-based
document validation system on Polygon, despite a
network outage. Coinbase and JPMorgan partnered
to expand crypto access for Chase clients. (Grok)
News
Cryptos
Today: (Near Live)
Bitcoin
$114,490.93 USD -3.55%
Ethereum $3,618.31 USD -6.51%
Tether $0.9996 USD -0.05%
XRP $2.93 USD -7.65%
BNB $768.48 USD -4.92%
Solana $168.08 USD -7.66%
USD Coin $1.00 USD +0.11%
Dogecoin $0.2045 USD -9.02%
TRON $0.3248 USD -0.27%
Cardano $0.7209 USD -8.51%
Wrapped Bitcoin $114,553.04 USD -3.46%
News
Best
Quotes Of The Day
Cryptocurrency
“Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme.”
– Naval Ravikant, former CEO of AngelList
"The
crypto and blockchain model is most impressive.
XRP has provided us with substantial return on investment"
- Greg Tingle, Media Man Group
“We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error.“
– Tyler Winklevoss, co-CEO of Gemini
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." —John McAfee,
Founder of McAfee Associates
“There
are 3 eras of currency: Commodity based, politically
based, and now, math-based.“ – Chris Dixon,
Venture Capitalist at Andreesen Horowitz
“As
the value goes up, heads start to swivel and skeptics
begin to soften. Starting a new currency is easy,
anyone can do it. The trick is getting people to
accept it because it is their use that gives the
“money” value.“ - Adam B. Levine,
CEO of Tokenly
“Trading
Bitcoin is like trading Apple, Amazon, Google, or
Facebook a decade ago. The more you obsess over
timing the market, the more mistakes you make. They
were all technology networks that were dominant
& destined to grow.” - Michael Saylor,
Former CEO of MicroStrategy
"Whereas
most technologies tend to automate workers on the
periphery doing menial tasks, blockchains automate
away the center. Instead of putting the taxi driver
out of a job, blockchain puts Uber out of a job
and lets the taxi drivers work with the customer
directly." - Vitalik Buterin, Co-Founder of
Ethereum
"The
Latin American countries where you have this combination
of inflation or hyperinflation cycles – deflation
as well – and then you have very high friction
for financial transactions, a high percentage of
people who are unbanked, cryptocurrencies make total
sense." – Fred Thiel, CEO of Thiel Advisors
& Marathon Digital Holdings
“…we
know gold is a $12 trillion asset, bitcoin’s
about a 10th of gold. Could they be half of gold?
At one point, Sure, it could … And at some
point, it will be larger than gold… that money
is finding its way to Gen Z and Millennials, and
they feel much more comfortable with digital gold
than old clunky gold.” - Mike Novogratz, CEO
of Galaxy Digital
“If
you don't believe me or don't get it, I don't have
time to try to convince you, sorry.” - Satoshi
Nakomoto, Founder of Bitcoin
Stockmarket:
Nasdaq, S&P Record Highs; Biz, Search/Comms
News
U.S,
World and Australian News
Developing
News Stories via Media Man Group
July
10, 2025 and beyond!
(In
Case You Missed It)
The
Nasdaq and S&P 500 each enjoyed record highs,
while the Dow Jones made strong gains on Thursday
following the potential 50% tariffs on copper and
Brazilian imports.
The
S&P 500 was up by 22 odd points and 0.4% at
a record high 6,289.15 during PM trading after opening
at 6,266.80. It closed at 6,280.46, which was up
17.20 and 0.27% for the days trading.
The
Nasdaq Composite also reached a record high on Thursday
and was trading at 20,646.66 during the afternoon,
which was up 34.07 and 0.17%. It closed at 20,630.66.
The
Dow closed at 44,458.30 on Wed and traded above
44,770 during the arvo.
The
stockmarket rallies continue a months-long ascent
the stock market and occurred a day after Donald
Trump announced 50% tariffs on copper and products
sourced in Brazil on Aug. 1.
Thursday's
rally also happened a day after chip firm Nvidia
became the world's first company to top $4 trillion
in market capitalization.
Nvidia
produces chips that drive artificial intelligence.
News
U.S
Market News
U.S.
Markets: On July 10, 2025, the S&P 500 and Nasdaq
Composite set fresh records, with the S&P 500
closing at 6,280.46, up 0.27%. The Dow Jones Industrial
Average saw a slight decline of 0.4% for the week.
Nvidia's milestone of reaching a $4 trillion market
cap fuelled a tech-driven rally, boosting global
equities. However, markets wavered as investors
weighed Trump's tariff announcements against economic
indicators like jobless claims, which dropped to
227,000 for the week ending July 5, signalling a
cooling labor market and potential Federal Reserve
rate cuts.
Tariff
Impacts: President Trump's tariff threats, including
new copper duties and a delayed August 1 deadline
for reciprocal tariffs on 14 countries, created
mixed market reactions. Copper futures surged over
10%, while pharmaceutical stocks like Pfizer, Amgen,
and AbbVie dipped after Trump hinted at upcoming
tariffs on the sector. Brazilian markets saw the
Real weaken by 2.29% due to tariff news, though
mining stocks rallied in London.
Global
Markets: European indices hit new highs, shrugging
off tariff concerns, with the FTSE 100 closing up
1.2% on July 10. In Asia, Japan's Nikkei 225 rose
0.3%, and South Korea's Kospi gained 1.8% despite
tariff uncertainties. Indian markets saw the Nifty
50 close at 25,522.50, up 0.24%, supported by financial
and IT stocks, with optimism around a potential
U.S.-India trade deal.
Corporate
Highlights: Alibaba and Merck saw significant market
cap shifts, while Estée Lauder received a
bullish outlook from Bank of America with a $110
price target, citing strong demand in Asia. Coffee
and orange juice futures spiked due to potential
tariffs on Brazilian imports. CoreWeave's $9 billion
acquisition of Core Scientific also made waves.
Economic
Context: Investors are focused on labor data and
Federal Reserve signals, with markets pricing in
a 21.2% chance of a rate cut in late July. The Shiller
P/E ratio for the S&P 500 hit 38x, a level not
seen since the Dot-Com Bubble, indicating high valuations.
Meanwhile, 371 large U.S. companies declared bankruptcies
in the last six months, the most since 2010. (Grok)
News
Search
Engines: News
Yahoo's
Growth in Organic Traffic
Yahoo's
global organic traffic share rose from 0.34% in
2024 to 0.47% in 2025, continuing its upward trend
from a 0.27% increase in 2024. Its portal-style
interface, combining news and search capabilities,
has contributed to this growth.
Ecosia's
Rising Popularity
Ecosia,
a German eco-friendly search engine, is gaining
traction in 2025 among environmentally conscious
users. It now features ads, news, and an AI chat
feature, expanding its offerings beyond traditional
search.
Australia's
Age Assurance for Search Engines
Australia is implementing mandatory age checks for
search engine users by the end of 2025, under a
new online safety code. This applies to logged-in
users on platforms like Google, Bing, and Yahoo,
with technologies like facial age estimation being
considered.
Perplexity's
Comet Browser Challenges Google
Perplexity, an AI search upstart, launched the Comet
browser with its AI search as the default, aiming
to compete with Google Chrome. This move mirrors
Google's strategy of securing default search engine
positions, which has faced legal scrutiny for anticompetitive
practices.
News
Google's
AI Overviews and Legal Challenges
Google’s
AI Overviews, which generate AI-driven summaries,
faced an EU antitrust complaint from independent
publishers in July 2025, highlighting concerns about
its impact on content discoverability. Additionally,
U.S. courts have ruled Google operates illegal monopolies
in search and digital advertising, potentially leading
to significant changes.
News
Baidu's
Major Update
Baidu,
China’s leading search engine, rolled out its
biggest update in a decade in July 2025. The Smart
Search Box now supports long queries (over 1,000
characters), image, audio, video, and file-based
searches, enhancing user experience.
News
SEO
Poisoning Campaigns
A
malicious campaign targeting over 8,500 SMB users
was reported in July 2025, using SEO poisoning to
deliver malware via fake AI tool websites. This
tactic exploits search engine results for brands
like Apple, Microsoft, and Netflix.
News
Alternative
Search Engines Gaining Ground
Privacy-focused
engines like Brave Search (1.19 billion monthly
queries in December 2024) and Leta (a front-end
to Google and Brave APIs) are growing due to privacy
concerns. Naver, dominant in South Korea with a
47.14% market share, also offers news, blogs, and
shopping features.
News
Google's
UK Market Scrutiny
The
UK’s Competition and Markets Authority is pushing
for changes to open up the search market, citing
Google’s SafeSearch feature impacting businesses
like LoveHoney and Ann Summers. This could affect
both traditional and AI-powered search.
AI
Integration in Browsers
Browsers
like Opera (testing Opera Neon), Microsoft Edge
(with Copilot), and Firefox (with chatbot options)
are integrating AI features, signaling a shift toward
AI-augmented search experiences.
Notes
The
rise of AI-driven search (e.g., Perplexity, Google’s
AI Overviews) is reshaping the industry, but traditional
engines like Yahoo and Google remain dominant.
Privacy
concerns and regulatory changes (e.g., in Australia
and the UK) are pushing innovation and competition.
News
Markets
Australian
Dollar: $0.6586 USD (up $0.0046 USD)
Iron Ore Aug Price (SGX): $98.80 USD (up $2.95 USD)
Oil Price: $66.87 USD (down $1.42)
Gold Price: $3,324.25 USD (up $10.61)
Copper Price (CME): $5.6275 USD (up $0.0840)
Bitcoin: $113,715.00 USD (up 2.34%)
Dow Jones: 44,650.64 (up 192.34 points)
News
Google
News
AI
Integration: Google News is undergoing a major shift
with the integration of generative AI, affecting
how search results are curated and presented. This
has led to concerns about potentially misleading
consumers and reinforcing Google's dominance in
organic search results.
Bias
Allegations: Posts on X and analyses from 2023 and
2024 suggest Google News has a left-leaning bias,
with 63% of articles sourced from left-leaning outlets
and only 6% from right-leaning ones, according to
AllSides. These claims are inconclusive and debated,
but they reflect ongoing discussions about content
curation.
Google
News Showcase: Launched with a $1 billion investment
in 2020, this initiative partners with publishers
to enhance journalism and provide curated news experiences.
AI-Powered
Features: Google has introduced tools like the multi-vector
retrieval algorithm (MUVERA) to improve search speed
and accuracy, and experimental AI features on YouTube,
such as a search carousel and conversational assistant,
to enhance video discovery.
Content
Moderation: Google removed XShorts from the Play
Store due to sexually suggestive and racially offensive
content, highlighting efforts to manage problematic
content on its platforms.
Advertising
and Performance Max: Google’s AI-powered ad
suite, Performance Max, is being used by companies
like Swiggy in India to improve consumer acquisition
and ROI, showing Google’s influence in digital
marketing.
Antitrust
Issues: A federal judge recently ruled Google a
monopolist in online advertising technology markets,
following a similar ruling on its search engine.
Mexico’s antitrust watchdog is also investigating
Google for potential monopolistic practices in digital
advertising, with a possible 8% revenue fine. (Grok)
News
ASX/Mining
(Australia)
ASX
closes in on record as miners climb
The
Australian sharemarket posted a solid gain on Thursday,
with the S&P/ASX 200 adding 0.6 per cent to
close at 8,589.2 points. Fortescue was up 1.9 per
cent at $16.51, Evolution Mining advanced 3.6 per
cent to $7.55 and Lovisa rose 5.1 per cent to $33.06.
However, the Trump administration's proposed 50
per cent tariff on copper imports weighed on local
producers, with Aeris Resources down 2.6 per cent
at $0.19 and Capstone Copper shedding 1.4 per cent
to end the session at $9.15. (RMS)
News
Banking/Blockchain
(Australia)
Major
banks' blockchain trial no token effort
A
number of Australia's major banks are involved in
a venture known as Project Acacia that is being
led by the Reserve Bank. The Digital Finance Co-operative
Research Centre is also involved, as are Treasury,
the Australian Prudential Regulation Authority and
the Australian Securities and Investments Commission.
Project Acacia will involve a number of experiments
aimed at seeing whether various types of digital
money can be used for settling large financial transactions
between institutions such as banks and investment
firms. (Roy Morgan Summary)
News
News
Media
Google
Finance wins Media Man 'Business News Website Of
The Month' award
Runner-ups:
Yahoo! Finance, The Australian Financial Review,
FOX Business and Sky News Australia
News
Brand
News via Media Man
Netflix
wins Media Man 'Brand Of The Month'; Runner-up:
MAX
WWE
wins Media Man 'Wrestling Promotion Of The Month'
award
UFC
wins Media Man 'MMA Promotion Of The Month' award
TKO
Group wins Media Man 'Entertainment Promoter Of
The Month' award
AEW
wins Media Man 'Challenger Brand Of The Month' award
Prime
wins Media Man 'Beverage Of The Month' award
Nespresso
wins Media Man 'Coffee Brand Of The Month' award;
Runner-up: Claudio's Cafe
Mining,
Resources, Energy, Markets,News: Australia and World
June
30, 2025
War,
tariffs, growth slump take $33bn toll on miners
The
Department of Industry, Science & Resources
has forecast that Australia's resources export earnings
will fall to $369bn in 2025-26, compared with an
estimated $385bn in the current financial year.
The quarterly resources and energy report also forecasts
that the sector's export earnings will fall to $352bn
in 2026-27. The report notes a number of risks for
the sector, including geopolitical tensions, the
Trump administration's tariffs regime and slowing
global economic growth. The report forecasts that
iron ore export earnings will fall by $11bn to $104.8bn
in 2025-26; however, gold shipments are expected
to rise by $10bn to $56bn, and become the nation's
third-biggest resources export in 2025-26. (RMS)
News
Iran
could resume uranium enrichment 'in a matter of
months', UN nuclear watchdog says
International
Atomic Energy Agency director-general Rafael Grossi
says Iran might be able to resume uranium enrichment
'in a matter of months', despite the US and Israeli
attacks on several of its nuclear facilities. There
have also been questions as to whether Iran was
able to relocate some or all of its estimated 408.6-kilogram
(900-pound) stockpile of highly enriched uranium
before the attacks, with Grossi admitting to CBS
News that "we don't know where this material
could be". Iran has decided to suspend co-operation
with the IAEA, and has Grossi's request for a visit
to the damaged facilities. (Roy Morgan Summary)
News
Rio
Tinto puts hunt for CEO on fast-track
Sources
have indicated that Rio Tinto is likely to announce
the successor to CEO Jakob Stausholm after its half-year
results are released on 30 July. The resources group
has commenced the process of interviewing and assessing
the shortlisted candidates for the role; the leading
internal contenders include chief commercial officer
Bold Baatar and the head of iron ore, Simon Trott.
Stausholm revealed plans to step down in May, prompting
speculation that he had been pushed out. Rival BHP
is said to be preparing for the eventual departure
of CEO Mike Henry. (Roy Morgan Summary)
News
Beach
touted as Narrabri buyer
Citi
has stated that regulators might require Santos
to divest its undeveloped Narrabri gas field in
NSW in order for them to approve its $30 billion
takeover by Abu Dhabi's XRG consortium. It comes
as XRG was given an exclusive four-week period of
due diligence on Friday to progress its bid for
Santos, while the Kerry Stokes-backed Beach Energy
is seen as a potential buyer for the Narrabri gas
field, which contains an estimated 1,500 petajoules
of gas. Potential daily production of 200 terajoules
is equivalent to half of NSW's current gas consumption.
(RMS)
News
June
26, 2025
Australia
sues China-linked rare earths investors
Treasurer
Jim Chalmers has lodged Federal Court action against
Indian Ocean International Shipping & Service
for breaching Australian foreign investment laws;
action is also being taken against a former unnamed
associate of the firm. The company is one of five
foreign investors with links to China that Chalmers
ordered in 2024 to divest their shares in rare earth
miner Northern Minerals due to national interest
concerns, with Chalmers' legal action against Indian
Ocean International Shipping & Service said
to be the first of its kind. (Roy Morgan Summary)
News
Best
Quotes Of The Day
The
best and biggest gold mine is in between your ears."
"You
are a gold mine of potential power. You have to
dig to find it and make it real."
"Your
mind is like a gold mine, if you dig deep you will
find something golden."
"Don't
die without mining the gold in your mind."
"We're
like goldfields. Until we dig deep to find what's
inside us, our true potentials may be hidden forever."
"If
you want to find gold, you've got to love the process
of digging."
"Even
if you're sitting on a gold mine, you still have
to dig."
"Develop
men the same way gold is mined"
"Don't
go into the mine looking for dirt; instead, go in
looking for the gold."
"A
prospector's job is to remove dirt as quickly as
possible"
"A
prospector who analyzes every speck of dirt won't
find much gold"
"The
world is sitting on a gold mine but knows it not."
"Make
new friends, but keep the old; Those are silver,
these are gold."
"All
that is gold does not glitter."
"Gold
is forever. It is beautiful, useful, and never wears
out"
"Gold
is the money of kings"
"Mining
is the art of exploiting mineral deposits at a profit.
An unprofitable mine is fit only for the sepulcher
of a dead mule."
"Anyone
can find the dirt in someone. Be the one that finds
the gold."
"True
gold fears no fire."
"The
desire of gold is not for gold. It is for the means
of freedom and benefit."
"Make
new friends, but keep the old; Those are silver,
these are gold."
"When
taken for granted, gold in one's hand is sometimes
considered like cheap copper – so are people."
News
Gold
holds decline as ceasefire saps haven demand
Gold
held a decline as a shaky Iran-Israel ceasefire
appeared to hold, reducing demand for haven assets.
Bullion was near $US3330 an ounce, after closing
down 1.3 per cent on Tuesday. The truce between
Israel and Iran continued after US President Donald
Trump lashed out at both sides for early breaches.
Geopolitical uncertainties, along with Trump’s
aggressive trade policy and central bank buying,
have spurred a 27 per cent advance in gold this
year. The rally has lost momentum over the last
couple of months, however, with bullion mostly trading
between $US3300 and $US3400 an ounce. Spot gold
rose 0.2 per cent to $US3330.85 an ounce in Asian
trading. The Bloomberg Dollar Spot Index was flat.
Silver was steady, while platinum and dipped.
News
Bonus
Gold
by Spandau Ballet
Producers:
Steve Jolley & Tony Swain
Music
Video: Gold
https://youtube.com/watch?v=VQ4qrcHyYj4
[Verse
1]
Thank
you for coming home
Sorry that the chairs are all worn
I left them here I could have sworn
These are my salad days
Slowly being eaten away
Just another play for today
Oh, but I'm proud of you, but I'm proud of you
Nothing left to make me feel small
Luck has left me standing so tall
[Chorus]
Gold (gold)
Always
believe in your soul
You've got the power to know
You're indestructible, always believing
You are gold (gold)
Glad that you're bound to return
There's something I could have learned
You're indestructible, always believing
[Verse
2]
After
the rush has gone I hope you find a little more
time Remember we were partners in crime
It's only two years ago
The man with the suit and the face
You knew that he was there on the case
Now he's in love with you, he's in love with you
And love is like a high prison wall
And you could leave me standing so tall
[Chorus]
Gold
(gold) Always believe in your soul
You've got the power to know You're indestructible,
always believing
You are gold (gold)
Glad that you're bound to return
Something I could have learned
You're indestructible, always believing
[Bridge]
Love
is like a high prison wall
You could leave me standing so tall
[Chorus]
Gold
(gold) Always believe in your soul
You
got the power to know You're indestructible, always
believing
You are gold (gold)
Glad that you're bound to return
Something I could have learned
You're indestructible, always believing (You are,
gold)
Always believe in your soul You've got the power
to know
You're indestructible, always believing 'Cause you
are gold (gold)
I'm glad that you're bound to return
Something I could have learned
You're indestructible, always believing (gold)
[Verse
1]
Thank
you for coming home
Sorry that the chairs are all worn
I left them here I could have sworn
These are my salad days
Slowly being eaten away
Just another play for today
Oh, but I'm proud of you, but I'm proud of you
Nothing left to make me feel small
Luck has left me standing so tall
[Chorus]
Gold
(gold) Always believe in your soul
You've got the power to know
You're indestructible, always believing
You are gold (gold)
Glad that you're bound to return
There's something I could have learned
You're indestructible, always believing
[Verse
2]
After
the rush has gone I hope you find a little more
time
Remember we were partners in crime
It's only two years ago
The man with the suit and the face
You knew that he was there on the case
Now he's in love with you, he's in love with you
And love is like a high prison wall
And you could leave me standing so tall
News
Markets
June
30, 2025
Australian
Dollar: $0.6535 USD (down $0.0009 USD)
Iron Ore July Spot Price (SGX): $94.75 USD (up $1.20)
Oil (WTI): $65.52 (up $0.33)
Gold: $3,274.23 (down $53.78)
Copper (CME): $5.1220 (up $0.0690)
Bitcoin: $107,356.68 (up 0.13%)
Dow Jones: 43,819.27 (up 432.43)
Markets
June
27, 2025
Australian
dollar +0.5% to 65.46 US cents
Wall
Street:
S&P 500 +0.8%
Dow Jones +0.9%
Nasdaq +1%
Europe:
Stoxx 50 -0.2%
FTSE +2%,
DAX +0.6%
CAC -0.01%
Bitcoin
+0.1% to US$107,875
Gold
$US3329.90 an ounce at 6.41am AEDT
US oil +0.5% to $US62.26 a barrel at 8.42am AEDT
Brent Crude Oil +0.1% to $US67.78 a barrel
Iron ore -1% at $US94.52 a ton
10-year yield: US 4.24% Australia 4.1% Germany 2.57%
News
Gold
once again approaches a cliff edge
The
Israel and Iran ceasefire has reduced demand for
gold as a safe-haven asset. The precious metal failed
to break out of the medium-term consolidation range
of $3,100 to $3,400 per troy ounce and resume its
upward trend. This signals weakness among bulls
and allows Citigroup to predict a fall in prices
below $3,000 in 2026. According to the bank, thanks
to Donald Trump's ‘big and beautiful’
tax bill, the acceleration of the US economy will
push gold prices down. The decrease in geopolitical
risks will also contribute to gold's decline.
Goldman
Sachs, on the other hand, maintains its forecast
for the precious metal to rise to $4,000. It cites
the insatiable appetite of central banks, the weakening
dollar, and the fall in US Treasury bond yields.
Indeed, the White House is keen on lower debt market
rates and a weaker currency. A recent survey by
the World Gold Council shows that 43% of central
banks plan to increase their bullion purchases over
the next 12 months, up from just 29% a year ago.
The
recent de-escalation has once again tested gold's
support at its uptrend, marked by the 50-day moving
average. On Friday, sellers pushed the price below
this level, which passes through 3324, and are even
attempting to stabilise below 3300. In May, a sharp
movement managed to push the price back above this
line. However, this metric is now turning downward,
reflecting over two months of consolidation after
reaching recent highs.
All
signs indicate a potential repeat of the consolidation
seen in November-December last year, which laid
the groundwork for the subsequent rally. However,
there is also a high probability that the failure
to break through the $3500 level over the past two
months signals a global trend reversal. We await
whether this will mirror 2020, with a 20% correction
in the next six months and a two-year sideways movement
or resemble the nearly halving in gold prices from
2011 to 2015. (FxPro)
News
ASX
dips on tech sell-off; lithium stocks rally
The
Australian sharemarket drifted lower on Thursday,
with the S&P/ASX 200 easing 0.1 per cent to
close at 8,550.8 points. Northern Star Resources
fell 2.3 per cent to $18.84, Xero was down 5.3 per
cent at $184 and the Commonwealth Bank finished
0.4 per cent lower at $190.71. However, Mineral
Resources was up 3.6 per cent at $20.90 and DroneShield
added 11.7 per cent to end the session at $2.39.
(RMS)
News
'Not
the moment' for abandoned rare earths mega-merger,
says Lynas boss
A
merger of Lynas Rare Earths with MP Materials would
create a monopoly of rare earths in the Western
world, and the idea that they should merge has been
previously flagged. Lynas CEO Amanda Lacaze said
on Wednesday that she had been of the view that
a merger of the two was a good idea, but that for
a "variety of reasons, it didn't happen".
Speaking on the sidelines of a talk for the Western
Australian Mining Club, she said that there were
no discussions between Lynas and MP Materials about
a merger at present. She said that deals often have
their moment, "and now is not the moment, unfortunately",
in terms of one between the two companies. (Roy
Morgan Summary)
News
Best
Quotes Of The Day
"The
best and biggest gold mine is in between your ears.
To find the gold, think deeply and think better."
"You
are a gold mine of potential power. You have to
dig to find it and make it real."
"Don't
die without mining the gold in your mind."
"We're
like goldfields. Until we dig deep to find what's
inside us, our true potentials may be hidden forever."
"Even
if you're sitting on a gold mine, you still have
to dig." Broadway Mining
"There's
a gold mine in you that must be exploited"
Markets
and Cryptos
June
16, 2025
Sydney,
Australia
Markets
ASX
futures down 20 points/0.2% to 8532
AUD -0.1% at US64.81¢
Bitcoin +0.6% to $US105,292
Dow -1.8%
S&P -1.1%
Nasdaq -1.3%
Gold +1.4% to $US3432.34 an ounce
Brent oil +7.0% at $US74.23 a barrel
Iron ore -0.7% at $US93.85 a ton
News
Cryptos
Bitcoin
$105,646.18 USD +0.49%
Ethereum $2,549.30 USD +1.19%
Tether $1.00 USD -0.08%
XRP $2.17 USD +1.48%
BNB $648.26 USD +0.76%
Solana $153.19 USD +5.96%
USD Coin $1.00 USD -0.06%
Dogecoin $$0.1752 USD -1.00%
TRON $0.2734 USD +0.70%
Cardano $0.6329 USD +1.50%
Wrapped Bitcoin $105,633.91 USD +0.49%
News
Gold
2nd Ranked To USD In Global Reserves
Gold
has firmly reasserted itself as a strategic anchor
in the global financial system, now ranking second
only to the US dollar—and ahead of the euro—in
terms of official reserve holdings measured at market
value. This structural shift, outlined in the European
Central Bank’s latest report on the international
role of the euro, underscores how price dynamics,
central bank behavior, and geopolitical realignment
have collectively elevated gold’s monetary
relevance.
From
Inflation Hedge to Geopolitical Barometer
In
2024, gold prices surged by 30%, followed by another
30% year-to-date in 2025, briefly reaching an all-time
nominal high of $3,500 per troy ounce in April.
This sharp rally signals more than just a technical
or inflation-driven cycle—it reflects a broader
revaluation of gold’s role amid rising global
uncertainty.
Conclusion:
Gold’s Strategic Repricing
The
ECB’s findings reflect a broader paradigm shift
in the logic of reserve accumulation. Gold has not
only appreciated in nominal terms—it has been
reconceptualized as a core asset for monetary sovereignty
and geopolitical insulation.
Its
elevation to second place in global reserves is
more than symbolic. It signals a growing distrust
in traditional reserve currencies and a collective
desire among central banks—particularly outside
the Western alliance—to build resilience against
political and financial coercion.
In
this new global context, gold is no longer a passive
relic of the past. It is increasingly being recognized
as an active pillar of reserve strategy, with implications
that stretch far beyond price charts and interest
rate models.
News
Market
Background
Australian
dollar -0.1% to 64.84 US cents
Wall Street:
S&P 500 -1.1%, Dow Jones -1.8%, Nasdaq -1.3%
Europe: Stoxx 50 -1.3%
FTSE -0.4%
DAX -1.1%
CAC -1%
Bitcoin -0.3% to $US104,682
Spot gold +1.4% to $US3432.34 per ounce on Saturday
US oil +7.3% to $US72.98 a barrel on Saturday
Brent crude +7% to $US74.23 a barrel on Saturday
Iron ore -0.7% to $US93.85 per tonne
10-year yield: US 4.40% Australia 4.15% Germany
2.53%
News
Gold
News
Recent
gold news highlights a surge in prices driven by
geopolitical tensions and economic factors. Gold
prices in Dubai spiked to near-record highs, with
24-karat gold reaching Dh412.75 per gram (approximately
$112.84), following Israel’s military strikes
on Iran, boosting demand for safe-haven assets.
Globally, spot gold hit a one-week peak at around
$3,424.6 per ounce, up 1.2%, fueled by Middle East
conflicts and expectations of Federal Reserve rate
cuts. In India, gold prices crossed Rs 1,01,540
per 10 grams, a Rs 2,200 surge, driven by safe-haven
buying amid the Israel-Iran conflict. Analysts note
gold’s appeal as a hedge against market volatility,
with prices up 29% in 2025, though jewelry demand
has weakened due to high costs. Central banks are
on track to buy 1,000 metric tons of gold in 2025,
marking a fourth year of significant purchases to
diversify reserves. Posts on X also reflect bullish
sentiment, with some predicting gold could reach
$4,000 per ounce, though such claims are speculative.
For
investors, gold remains attractive but experts caution
against over-allocation due to its volatility. Always
verify market trends with trusted financial sources
before making investment decisions. (Grok)
News
Best
Quotes
“Gold
is the money of kings.” – Anonymous.
“He
who has the gold makes the rules.” – Unknown.
“Gold
is a living god and rules in scorn, all earthly
things but virtue.” – Percy Bysshe Shelley.
“Gold
is a deep and liquid subject.” – Anonymous.
“Gold
is forever.” – Anonymous
News
Best
Quotes
"Journalism
allows its readers to witness history; fiction gives
its readers an opportunity to live it." - John
Hersey
"In
America, the president reigns for four years, and
journalism governs forever and ever." - Oscar
Wilde
"The
world is changing very fast. Big will not beat small
anymore. It will be the fast beating the slow"
Rupert Murdoch
Markets
and Cryptos
June
13, 2025
Markets
ASX
futures up 48 points/0.6 per cent to 8607
AUD +0.5% to US65.30¢
Bitcoin -1.9% to $US106,805
Wall St:
Dow +0.2% S&P +0.4% Nasdaq +0.2%
VIX +0.73 to 17.99
Gold +1% to $US3388.31 an ounce
Oil +0.4% to $US70.06 a barrel
Iron ore -0.7% to $US94.45 a ton
10-yr yield: US 4.36% Australia 4.23%
Cryptos
Cryptos
Today: (Near Live)
Bitcoin
$106,586.75 USD -2.33%
Ethereum $2,662.28 USD -5.95%
Tether $1.00 USD +0.07%
XRP $2.21 USD -3.99%
BNB $657.30 USD -1.68%
Solana $153.75 USD -5.97%
USD Coin $0.9999 USD +0.05%
Dogecoin $0.1828 USD -6.65%
TRON $0.2722 USD -2.28%
Cardano $0.6651 USD -5.68%
Wrapped Bitcoin $106,528.01 USD -2.20%
News
Bitcoin
fails to consolidate above $110K
Market
Picture
The
crypto market has lost 1.6% of its capitalisation
over the past 24 hours to $3.39 trillion. Technically,
this is a retreat from previous highs, which provided
resistance. The sell-off was triggered by pressure
on risky assets due to renewed tensions in the Middle
East. However, this should be seen as a temporary
setback.
Bitcoin
fell below $108K, once again encountering a sell-off
after touching $110K. This downward move caused
a broad group of altcoins to give back some of their
recent gains. Nevertheless, the sell-off appears
to be limited and technical for now. The dollar's
proximity to multi-year lows reinforces the bullish
sentiment for the near term.
News
Background
Bitcoin
Core developers will remove the default limit on
the amount of OP_RETURN data published in the v30
client release scheduled for October. The actual
limit will be a block size of 4 MB.
The
Ethereum Foundation team has published its first
report as part of the Trillion Dollar Security initiative.
Researchers have identified six key areas that require
significant improvements to ensure the security
of the network in the future.
The
value of tokenised RWA assets has grown 245 times
over the past five years to $21 billion, according
to Coinbase. Private loans on the blockchain (61%)
and US government bonds (30%) accounted for more
than 90% of the RWA market share.
Polygon
co-founder Sandeep Nailwal has taken full control
of the Polygon Foundation (PF) as its first CEO
and presented changes to the project's strategic
priorities.
According
to Bloomberg analyst Eric Balchunas, the SEC could
approve spot ETFs based on a basket of cryptocurrencies
as early as July and then decide on Solana-based
funds. Another Bloomberg analyst, James Seyffart,
does not expect a decision from the SEC before early
October. (FxPro)
News
Oil
jumps amid a bear market
Several
pieces of bullish news converged on oil on Wednesday,
causing prices to jump more than 6% during the day,
but a 3% pullback on Thursday shows that bears are
still in charge.
Among
the important drivers for oil at the end of the
day on Wednesday were reports of the evacuation
of part of the US embassy in Iraq due to instability
in the region. This is a reaction to Israel's intensified
preparations for an attack on Iran, which sharply
increases the risks of retaliatory measures and
a reduction in oil supplies from the region.
In
addition, news of a trade agreement between China
and the US is positively impacting oil, potentially
increasing energy demand and overall risk appetite.
Soft US inflation data also contributed to the dollar's
weakening, facilitating oil price growth.
However,
important industry indicators also emerged. Commercial
crude oil inventories fell by 3.6 million barrels
last week after declining by 4.3 million and 2.8
million barrels in the previous two weeks.
Earlier
reports from Baker Hughes pointed to a significant
reduction in active oil rigs to 442 (the lowest
in almost four years) compared to an average of
approximately 486 in March-April. This is a clear
shift towards reduction after a period of stabilisation,
which promises a decline in production in the coming
quarters.
It
appears that America will return to Saudi Arabia
or OPEC+, which is the market share gained after
2020.
In
its rise, the price of WTI crude oil approached
the 200-day average, as we saw at the beginning
of April. The impressive sell-off as it approached
this level suggests that bears remain in control
of the market, regardless of the news. Except for
a couple of weeks at the beginning of the year,
this downward trend line has acted as effective
resistance since August last year. The bears' territory
extends all the way to the $70 level, which, if
broken, would be an important signal of a change
in sentiment. Until then, the rise of oil may remain
an opportunity to sell at a higher price. (FxPro)
News
Gold
News
Gold
Price Movements:
Gold
prices have been volatile due to global economic
uncertainties and trade tensions. On June 11, 2025,
gold August contracts on the Multi Commodity Exchange
(MCX) in India opened at ?97,249 per 10 grams, reflecting
a rebound amid global uncertainties.
In
the U.S., spot gold prices fell 1.1% to $3,316.13
per ounce on June 6, after a stronger-than-expected
U.S. jobs report (139K jobs added in May) reduced
expectations for Federal Reserve rate cuts. U.S.
gold futures settled 0.8% lower at $3,346.60.
On
June 12, gold prices in Chennai were reported at
?97,234 per 10 grams for 24-carat gold, with silver
at ?1,06,900 per kg.
Gold
has risen approximately 28-30% year-to-date in 2025,
driven by geopolitical tensions and economic uncertainty,
though it faced selling pressure after the U.S.
jobs data.
Central
Bank Gold Purchases:
Central banks globally are projected to buy 1,000
metric tons of gold in 2025, marking the fourth
consecutive year of significant purchases as they
diversify reserves away from U.S. dollar-denominated
assets.
The
European Central Bank noted that gold has surpassed
the euro as the world’s second-most important
reserve asset for central banks, signaling a shift
in global financial strategies.
China’s
Gold Strategy:
China is pursuing a strategy to weaken the U.S.
dollar’s dominance by increasing gold reserves
and promoting gold-based trade, including through
the Shanghai Gold Exchange. In March 2025, the China
Banking and Insurance Regulatory Commission mandated
insurance firms to allocate at least 1% of their
assets (worth over $4.5 trillion) to physical gold.
India’s
Gold Market:
The Reserve Bank of India (RBI) has tightened rules
for gold loan collaterals, impacting the gold loan
market. India also maintains high import duties
on gold, though the RBI continues to accumulate
gold reserves.
On
June 3, 2025, 24-carat gold in India increased by
?282 to ?96,962 per 10 grams, while silver rose
by ?2,178 to ?99,939 per kg. Gold remains ?2,138
below its April 22 peak of ?99,100 per 10 grams.
Silver
Outperformance:
Silver prices have surged, reaching above $36.06
per ounce on June 6, the highest since February
2012, driven by technical momentum and investor
interest in precious metals as safe-haven assets.
Silver has gained over 20-25% in 2025 but trails
gold’s 28-30% rise.
U.S.
Gold Reserves Audit:
U.S. Congressman Thomas Massie introduced legislation
to audit America’s gold reserves at Fort Knox,
the first comprehensive audit since 1953. Posts
on X suggest controversy, with some claiming U.S.
Treasury officials resisted the audit, raising speculation
about the reserves’ status. However, these
claims are unverified and inconclusive.
Investment
Trends:
Gold funds saw their first outflow in 15 months
($678 million in May), as investors shifted toward
crypto and other assets for diversification amid
easing trade tensions.
Experts
recommend holding 5-20% of portfolios in gold to
hedge against inflation and volatility, with some
predicting further price increases due to potential
trade tariffs and economic policies.
Other
Developments:
Tanzania plans to mandate that large-scale miners
refine and trade at least 20% of their gold output
domestically.
Concerns
about illegal gold mining in South Africa persist,
with a focus on a fugitive alleged kingpin linked
to a disused mine where 78 corpses were found.
Note:
Gold prices are influenced by factors like U.S.
dollar strength, Federal Reserve policies, geopolitical
tensions (e.g., U.S.-China trade disputes), and
potential tariff impacts. Investors are advised
to consult certified experts before making investment
decisions. (Grok)
News
Best
Quotes
“Gold
is the money of kings.” – Anonymous.
“He
who has the gold makes the rules.” – Unknown.
“Gold
is a living god and rules in scorn, all earthly
things but virtue.” – Percy Bysshe Shelley.
“Gold
is a deep and liquid subject.” – Anonymous.
“Gold
is forever.” – Anonymous
News
Best
Quotes
"Journalism
allows its readers to witness history; fiction gives
its readers an opportunity to live it." - John
Hersey
"In
America, the president reigns for four years, and
journalism governs forever and ever." - Oscar
Wilde
"The
world is changing very fast. Big will not beat small
anymore. It will be the fast beating the slow"
Rupert Murdoch
News,
Markets, Australia, U.S, World, Culture
June
12, 2025
Markets
Australian
Dollar: $0.6500 USD (down $0.0020 USD)
Iron Ore July Spot Price (SGX): $95.15 USD (up $0.80)
Oil (WTI): $68.30 USD (up $3.56 USD)
Gold: $3,353.19 USD (up $30.35 USD)
Copper (CME): $4.8065 USD (down $0.0825)
Bitcoin: $108,889.99 USD (down 0.79%)
Dow Jones: 42,865.77 (down 1.10 points)
News
China
puts six-month limit on ease of rare-earth export
licenses
Sources
have indicated that the Chinese government has agreed
to start approving rare-earth license applications
for US companies immediately, as part of a proposed
trade deal between the two nations. However, China
is said to be planning to initially restrict rare
earths export licences to just six months, which
would give the nation leverage if renewed trade
tensions emerge. These export licences are also
said to primarily cover rare earths elements that
are used in the manufacturing of electric vehicles,
wind turbines, consumer electronics and military
equipment. Meanwhile, US President Donald Trump
has indicated that tariffs will stay at the levels
that were agreed to during the recent negotiations
in Geneva. (Roy Morgan Summary)
News
Snowy
workers threaten five-day strike
The
$12bn Snowy 2.0 project is facing the prospect of
further disruption, with the Australian Workers'
Union advising that 'fly-in, fly-out' workers will
hold five consecutive days of 24-hour strikes from
Monday. The union's NSW secretary Tony Callinan
has warned that the workers are "in for a fight"
and will not give in. He adds that the workers are
frustrated over the lack of progress in negotiations
with the project's contractor, Webuild. Amongst
other things, the workers are seeking wage parity
with tunnellers on construction projects in Melbourne.
(RMS)
News
Shares
hit new peak on tariff talks; BHP up
The
Australian sharemarket posted a small gain on Wednesday,
with the S&P/ASX 200 adding 0.1 per cent to
close at another new high of 8,592.1 points amid
encouraging signs in the trade talks between the
US and China. The benchmark index reached a record
intra-day high of 8,639.1 points early in the trading
session. BHP was up 1.5 per cent at $39.05, Monash
IVF rose 11 per cent to $0.61 and Johns Lyng Group
advanced 17.7 per cent to $3.00 in response to a
takeover offer. However, the Commonwealth Bank eased
0.3 per cent to $181.40 and Qantas was down 1.3
per cent at $10.50. (Roy Morgan Summary)
News
Steps
to fix troubled ASX
The
Australian Securities Exchange will be marginalised
on the global stage unless its deep problems are
addressed. The reforms proposed by Australian Securities
& Investments Commission chairman Joe Longo
are a good start, but more needs to be done to attract
large investors to smaller listed companies; they
generally rely on support from small investors such
as self-managed superannuation funds, which will
be hit by the federal government's tax on umrealised
capital gains. The existing restrictions on retail
investors when buying shares in a capital raising
- which significantly favour wholesale investors
- also need to be addressed. (RMS)
News
Final
call for Jetstar Asia as Qantas reclaims its planes
Qantas
has advised that 500 employees at its Singapore-based
Jetstar Asia subsidiary will be retrenched when
the carrier ceases operations at the end of July.
Jetstar CEO Stephanie Tully has indicated that Jetstar
Asia is like to book a loss of $35m for the 2025
fiscal year, and it has been profitable in just
six of the 20 years since it was established. She
adds that other airlines that fly under the Jetstar
banner are profitable. Jetstar Asia's fleet of 13
Airbus A320s will be redeployed on Australian routes
operated by Jetstar and Network Aviation; the latter
provides 'fly-in, fly-out' services in Western Australia.
(RMS)
News
Media
(Australia)
Once-bitten
Ten tries news experiment again
Media
veteran Peter Meakin says the Ten Network's latest
attempt to attract audiences at 6pm is a "gamble",
given that it is a challenging timeslot. Ten has
announced that it will launch 10 News+ on 30 June,
describing it as a "premium in-depth news,
current affairs and insights" program. The
new one-hour show will directly compete with the
evening news bulletins of Nine and Seven, and will
complement Ten's own 5pm news bulletin. The new
show will replace The Project, which has been axed
after 16 years; Deal or No Deal will move into the
7pm timeslot to accommodate 10 News+. Ten's previous
attempt at an early-evening current affairs show
in 2011 did not resonate with viewers. (RMS)
News
ABC
cuts dozens of jobs as curtain falls on ex-juggernaut
The
Media, Entertainment & Arts Alliance has criticised
the ABC's decision to shed more staff in its latest
restructuring initiative. Up to 50 jobs are expected
to be cut at the public broadcaster; this is believed
to include about 40 redundancies, while 10 fixed
contracts will be ended early. The ABC has also
confirmed that panel discussion show Q+A will cease
production; the ABC's director of news Justin Stevens
says the world has changed since Q+A was launched
in 2008, and the ABC needs to keep "innovating
and renewing". (RMS)
News
Media
Warner
Bros split has it back at square one
Warner
Bros. Discovery's president and CEO David Zaslav
has advised that the US media group will be split
into two separate publicly-listed companies. The
restructuring plans have been revealed just over
three years after the company was created via the
merger of WarnerMedia and Discovery. WBD's film
studios and streaming video assets will be held
by one of the new companies, while the other will
house its legacy cable TV assets. The latter segment
is still lucrative but is facing major challenges
as more consumers abandon cable TV in favour of
streaming services. Media industry executives and
bankers have suggested that there may be further
deals in the sector. (Roy Morgan Summary)
News
News
sites are getting crushed by Google's new AI chatbots
Digital
market data firm Similarweb notes that the advent
of chatbots and other artificial intelligence technologies
has resulted in a sharp decline in visits to the
websites of news publishers. Products such as Google's
AI Overviews allow users to read summaries of news
stories in their search results, without having
to click on links to the original article. Similarweb's
figures show that organic search traffic to Business
Insider's websites fell by 55 per cent in the three
years to April 2025; this contributed to the company's
recent decision to retrench 21 per cent of its workforce.
Likewise, organic search traffic to HuffPost's websites
has fallen by more than 50 per cent in the last
three years. (RMS)
News
Mining/Energy/Resources
Rio
partnership 'key to our growth': Mongolia's ousted
PM
Rio
Tinto's investment in the Oyu Tolgoi copper project
in Mongolia is under renewed scrutiny following
the collapse of the nation's ruling government.
Oyun-Erdene Luvsannamsrain recently stood down as
Mongolia's prime minister after losing a non-confidence
vote, although he will remain in the role on a caretaker
basis until a new government is formed. Oyun-Erdene
has been a key supporter of the Oyu Tolgoi mine,
in which the Mongolian government has a 34 per cent
stake. He has urged the nation's new government
to continue to embrace international investment
in mining, arguing that the sector is critical to
Mongolia's economic future. (Roy Morgan Summary)
News
Platinum
overtakes gold as market's hottest trade
Platinum
was trading on par with gold a decade ago, but the
latter has been trading at a significant premium
in recent years due to its 'safe haven' status.
However, that premium has started to narrow in recent
months; the price of platinum has increased by 32
per cent so far in 2025, while gold has gained 26
per cent. Platinum has also increased by more than
15 per cent in the last six trading sessions, and
is now fetching around $1,200 an ounce. Sam Berridge
of Perennial Partners notes that platinum faces
supply constraints as there is very little exploration
for the precious metal at present. (RMS)
News
Critical
minerals stars return with copper float
Tali
Resources MD Rhys Bradley says there has been much
more interest in the copper explorer's upcoming
IPO than the sharemarket float of WA1 Resources
in 2022. Bradley and other key backers of WA1's
IPO are hoping that Tali will ultimately have similar
success. WA1 had raised just $4.5m from investors,
and the offer period had to be extended; however,
the company's discovery of a large niobium deposit
in Western Australia saw its market capitalisation
reach $1.3bn in 2024. Its market cap is currently
around $937m. Tali is seeking to raise $7.5m via
its IPO. (RMS)
News
Gaming
and Casinos
June
10, 2025
Star
Entertainment says $100m is all it has for AUSTRAC
penalty
Troubled
casino operator Star Entertainment says a penalty
greater than $100 million would force it into insolvency,
as it fights in court to limit fines set to be imposed
for years of inadequate anti-money laundering controls.
The
financial crime watchdog is seeking a $400 million
fine and said Star’s claim that it would collapse
under such a financial burden should not factor
into the Federal Court’s decision.
In
closing submissions, the Australian Transaction
Reports and Analysis Centre pointed to the planned
$300 million investment into Star from US casino
giant Bally’s Corporation to keep the casino
operator running as a sign that it could pay.
Star
had already made a $150 million provision in its
accounts for a potential AUSTRAC fine after the
Australian Securities and Investments Commission
raised concerns it had not been accounted for in
its books.
Steven
Finch, FC, representing Star, said the casino was
asking for a $100 million fine “because that
amount … is all the money that we have and
reasonably anticipate being able to borrow, hoping,
but not certain, that we will be able to survive”
“It
is a massive deterrent … not only to us, but
to other players in this and perhaps other markets.”
AUSTRAC
alleged in 2022 that Star allowed 117 high-risk
clients to plough billions of dollars in dirty money
through its Sydney, Brisbane and Gold Coast casinos.
High rollers on junkets spent more than $125 billion
between November 2016 and October 2020, AUSTRAC
said in its statement of claim.
Star,
which has agreed with many of AUSTRAC’s allegations
relating to the facilitation of money laundering
by VIP patrons, has sought to emphasise its financially
precarious position.
Finch
said the idea that $400 million was affordable for
Star was “fanciful”.
Crown
Resorts, which came under similar scrutiny over
its money-laundering failings, agreed to pay a $250
million fine after it was pursued by AUSTRAC. Finch
argued that there are problems with using Crown
as a comparison.
“That
penalty was agreed at a rate which would not result
in the insolvency of Crown, which was a very much
larger organisation. Whereas here, if one had a
fine which was a small amount less than that, we
say the evidence is that it would be insolvency.”
Star
has been close to collapse for much of the past
two years. The company continues to lose money and
the introduction of cash limits and mandatory identification
cards plunged it to a loss.
In
April, Star published long-delayed accounts that
showed the company lost more than $300 million in
the six months to December 31.
It
signed a $300 million rescue deal with Bally’s
in April. The agreement, which will hand control
of the company to Bally’s, includes a $100
million injection from the family of pub billionaire
Bruce Mathieson.
“Unlike
Crown, Star had the benefit of seeing the Bergin
Inquiry … and failed to act,” Simon White,
SC, representing AUSTRAC, said. He was referring
to the NSW Independent Casino Commission’s
inquiry into Crown in 2020, which made 19 recommendations
including extensive governance and cultural reforms.
Barrister
Joanne Shepard, also representing AUSTRAC, said
there was a reasonable basis to infer Bally’s
has the capacity and appetite to invest at least
$300 million.
“What
Star relies upon is a finding that any penalty over
$100 million or up to $400 million, even paid in
instalments, would render Star insolvent. Star has
not discharged that onus,” Shepard said. “Deliberateness
is a factor weighing heavily on a higher penalty.”
News
Media
Man
Brand
News via Media Man
Netflix
wins Media Man 'Brand Of The Month'; Runner-up:
MAX
WWE
wins Media Man 'Wrestling Promotion Of The Month'
award
UFC
wins Media Man 'MMA Promotion Of The Month' award
TKO
Group wins Media Man 'Entertainment Promoter Of
The Month' award
AEW
wins Media Man 'Challenger Brand Of The Month' award
Prime
wins Media Man 'Beverage Of The Month' award
Nespresso
wins Media Man 'Coffee Brand Of The Month' award
News
Media
Best Quotes
"In
America, the president reigns for four years, and
journalism governs forever and ever." - Oscar
Wilde
"The
media is no longer the message. It's the malware."
- Brian Spellman
"The
most powerful tool of our century. A man is to the
people whatever the media calls him." - Brian
Spellman
"The
most important service rendered by the press is
that of educating people to approach printed matter
with distrust." - Samuel Butler
"Today
we live in a society in which spurious realities
are manufactured by the media... So I ask, in my
writing, What is real?" - Douglas Adams
Markets
and Cryptos
ASX
futures up 29 points/0.3% to 8625
AUD +0.1% at US65.23¢
BTC +0.9% to $US109,663
Dow +0.1%
S&P +0.4%
NAS +0.5%
Gold +0.2% to $US3332.66 an ounce
Oil -0.6% at $US66.61 a barrel
Iron ore -0.4% at $US94.35 a ton
Cryptos
Today: (Near Live)
Bitcoin
$109,602.86 USD +0.71%
Ethereum $2,760.81 USD +6.83%
Tether $1.00 USD-0.12%
XRP $2.29 USD -0.23%
BNB $669.38 USD +1.02%
Solana $163.85 USD +4.64%
USD Coin $0.9998 USD -0.01%
Dogecoin $0.1944 USD +3.77%
TRON $0.2908 USD +0.95%
Cardano $0.7079 USD +3.22%
Wrapped Bitcoin $109,668.98 USD +0.92%
News
Bitcoin
lags S&P; Ethereum is pumping up with new money
The paths of Bitcoin and US stock indices seem to
have diverged in June. The S&P 500 rose for
several consecutive trading sessions thanks to the
de-escalation of trade conflicts, the strength of
the US economy and positive corporate reporting.
The first digital coin came under pressure due to
capital flowing to Ether, doubts about the effectiveness
of new stablecoins legislation and conflicts of
interest. Donald Trump's family is becoming increasingly
involved in the crypto business. An affiliate company
has announced the purchase of Bitcoin through the
issuance of securities, and the president's sons
intend to launch their own Bitcoin ETF. As a result,
digital assets are perceived as Trump's personal
interest.
Ether,
which has been in the shadows for a long time, is
now leaping forward. Over the past two weeks, Ethereum
ETFs have attracted $812 million, the biggest amount
since the beginning of this year.
Investors
are increasingly sceptical that new legislation
on stablecoins will protect them from fraudsters.
Despite stricter rules and regulations, Germany
saw an 8% increase in reports of suspicious activity
involving cryptocurrencies in 2024.
Dark
clouds were gathering over Bitcoin, but the Strategy
report catalysed a rebound. The company has been
buying digital assets through the issuance of securities
since 2020 and owns 582 thousand Bitcoins worth
almost $64 billion, with an average purchase price
of around $ 70 K. Strategy has many followers, fuelling
demand for crypto and allowing it to grow. As a
result, the correlation between BTCUSD and US stock
indices began to recover. Both Bitcoin and the S&P
500 are risky assets. Therefore, the improvement
in global risk appetite against the backdrop of
the resumption of trade negotiations between the
US and China supports the cryptocurrency rally.
The record high of around $112K is within reach.
Breaking this record will attract new buyers to
the market and contribute to the continuation of
the upward trend for Bitcoin. (FxPro)
News
Market
Trends: The crypto market is showing signs of recovery
after a volatile period. Bitcoin (BTC) is trading
near $100,000 following a 3% pullback, while Ethereum
(ETH) and XRP have seen declines of 8% and 5%, respectively,
after Circle’s IPO on June 5. Institutional
inflows and easing U.S. regulatory concerns are
driving optimism, with the total market cap at $3.3
trillion despite tariff-related uncertainties.
Stablecoin
Developments: Societe Generale became the first
major bank to launch a dollar-pegged stablecoin,
signaling mainstream financial adoption. Circle,
issuer of USDC, saw its shares soar 168% post-IPO,
boosting interest in stablecoins for remittances
and e-commerce. However, regulators warn of potential
market stability risks.
Bitcoin
Outlook: Analysts are bullish on Bitcoin, with predictions
suggesting a rally past its all-time high of $111,980
if it breaks $112,000 resistance. Arthur Hayes noted
that the Bank of Japan’s June meeting could
trigger a rally if quantitative easing resumes.
Corporate treasuries and spot ETFs for Solana and
XRP are also supporting bullish sentiment.
Regulatory
Moves: The UK is lifting its ban on retail investors
buying crypto exchange-traded notes (ETNs), aligning
with U.S. regulatory approaches. In the U.S., the
GENIUS Act for stablecoin regulation faces opposition
from Senator Josh Hawley, who fears it favors Big
Tech.
Security
Concerns: A wave of “crypto kidnappings”
targeting executives has raised alarms, with a notable
case in France involving Paymium’s CEO. Coinbase
reported a data breach exposing 70,000 customers’
personal information, increasing risks of extortion.
Other
Highlights: Gemini, run by the Winklevoss twins,
has filed for a U.S. IPO, capitalizing on market
momentum. India’s RBI maintains its strict
crypto stance despite Supreme Court pushback, while
JPMorgan is expanding crypto services for ETF financing.
(Grok)
News
Cryptocurrency
Movies
Documentaries
The Rise and Rise of Bitcoin (2014) Follows early
Bitcoin adopter Daniel Mross, exploring Bitcoin’s
origins, its volatile rise, and the community behind
it. Great for understanding Bitcoin’s early
days and its potential to disrupt finance.
Banking
on Bitcoin (2016) Examines Bitcoin’s history,
ideological roots, and impact on global financial
systems through interviews with pioneers and experts.
A solid primer for newcomers.
Cryptopia:
Bitcoin, Blockchains, and the Future of the Internet
(2020)
Directed
by Torsten Hoffmann, this documentary dives into
blockchain’s broader applications beyond cryptocurrency,
addressing scalability and regulatory challenges.
Ideal for those interested in blockchain’s
transformative potential.
Trust
Machine: The Story of Blockchain (2018) Narrated
by Rosario Dawson, it explores blockchain’s
societal impact, from financial inclusion to voting
systems. A comprehensive look at real-world applications.
Bitcoin:
The End of Money as We Know It (2015) Traces the
history of money and introduces Bitcoin as a decentralized
alternative, critiquing centralized financial systems.
Features interviews with crypto experts.
Deep
Web (2015) Narrated by Keanu Reeves, this documentary
focuses on the Silk Road marketplace and its creator,
Ross Ulbricht, highlighting Bitcoin’s role
in dark web transactions.
Bitconned
(2024) Explores the Centra Tech crypto scam, detailing
how three individuals defrauded investors during
the 2010s crypto boom. A cautionary tale about unregulated
markets.
Feature
Films
Crypto (2019) A crime thriller starring Beau Knapp,
Luke Hemsworth, and Kurt Russell. It follows a young
anti-money laundering agent investigating corruption
and cryptocurrency in his hometown. Critics note
its exaggerated portrayal but praise its entertainment
value.
Silk
Road (2021) A dramatization of Ross Ulbricht’s
creation of the Silk Road, a dark web marketplace
using Bitcoin. It explores his rise and fall, blending
crime and drama.
Dope
(2015) A coming-of-age comedy-drama featuring Bitcoin
as a plot device. High schooler Malcolm uses Bitcoin
for a dark web transaction, reflecting its early
association with illicit activities.
Bonus
Mentions
Life on Bitcoin (2014): Follows a couple attempting
to live solely on Bitcoin for 100 days, showcasing
early adoption challenges.
Bitcoin
Heist (2016): A Vietnamese action-comedy about hackers
chasing a crypto criminal, blending humor and thrills.
Notes
Documentaries
are generally more educational, focusing on Bitcoin’s
history, blockchain technology, and real-world implications.
They’re great for beginners and enthusiasts
alike.
Feature
films often dramatize crypto’s association
with crime or scams, sometimes oversimplifying or
exaggerating for effect. They prioritize entertainment
over accuracy.
For
a deeper dive, check streaming platforms like Prime
Video, Fandango at Home, or YouTube, where many
of these are available.
Markets,
Business News, Biz Culture, Pop Culture awards
Australian
Edition
June
10, 2025
ASX
futures down 4 points/0.1% to 8555
Australian
dollar +0.4% to 65.16 US cents
Wall
Street:
S&P 500 +0.1%, Dow Jones flat, Nasdaq +0.3%
Europe:
Stoxx 50 -0.2%, FTSE -0.1%, DAX -0.5%, CAC -0.2%
Bitcoin
+2.4% to $US108,792
Spot
gold +0.5% to $US3325.27 per ounce
US
oil +1.3% to $US65.39 a barrel
Brent
crude oil +1% to $US67.12 a barrel
Iron
ore -0.9% to $US94.65 per tonne
10-year
yield: US 4.47% Australia 4.26% Germany 2.56%
News
Australia
Power
costs could doom Rio smelter
Located
north of Newcastle in NSW, the Tomago aluminium
smelter is the biggest producer of aluminium in
Australia, along with being the largest user of
electricity in the nation. It is majority owned
by Rio Tinto, which is said to be seeking billion
of dollars in support from the NSW and federal government
to prevent it from collapsing because of high electricity
prices. The discussions between Rio and the two
governments are understood be focusing on the structure
of the federal government's production tax credits
and Tomago's electricity contract for 2026 to 2029.
(Roy Morgan Summary)
News
High-price
hydrogen bombshell
The
federal government wants to develop a green hydrogen
export industry, but the current high cost of producing
green hydrogen represents a challenge to its goal.
InterContinental Energy, which is the co-owner of
two large green hydrogen projects in Western Australia,
has stated initial costs for delivering green hydrogen
from the two projects was estimated at between
$8 and $11 a kilogram, but MST Marquee analyst Saul
Kavonic states the cost of green hydrogen needs
to be below $2 a kilogram for it to be competitive
with other energy sources. (RMS)
Battery
subsidies to spark power struggle
The
federal government has set a target of sourcing
82 per cent of electricity from renewable sources
by 2030, with its new household battery installations
subsidy scheme aimed at helping it meet that target.
The government will subsidise household battery
installations by up to 30 per cent from 1 July,
with Jon Briskin from Origin Energy noting that
battery inquiries in May were up 400 per cent on
the previous month. The scheme could also present
a challenge for energy retailers, which have traditionally
operated household batteries through what are known
as virtual power plants. Critics of the VPP model
contend that VPP participants are undercompensated
and have little knowledge as to how and when their
battery is being used, but retailers claim that
participants are adequately rewarded. (RMS)
News
Advanced
AI suffers 'complete accuracy collapse' in face
of complex problems, study finds
Apple
researchers have concluded in a paper released over
the weekend that large reasoning models suffer 'complete
accuracy collapse' when faced with complex problems,
with LRMs being an advanced form of artificial intelligence.
US academic Gary Marcus, who has become a noted
voice of caution on the capabilities of AI systems,
has described the Apple paper as "pretty devastating",
while Andrew Rogoyski, of the Institute for People-Centred
AI at the University of Surrey, said the paper shows
the industry was "still feeling its way"
on artificial general intelligence (AGI), with AGI
being a theoretical stage of AI at which a system
is able to "match a human at carrying out any
intellectual task".
News
V'Landys
backs Tabcorp's McLachlan
Racing
NSW CEO Peter V'Landys says he supports Tabcorp's
plans to change how its pays pubs to host its betting
terminals, although the Australian Hotels Association
is against what Tabcorp and CEO Gillon McLachlan
is seeking to do. Tabcorp's plans would see thousands
of pubs no longer get paid for hosting its terminals,
while in return, it will commit to refurbishing
hotel facilities, investing in promotions and waiving
subscription fees to Sky Racing: Tabcorp's plans
are set to take effect from 1 July
News
Stars
to face big pay cuts in purge
The
big salaries of some high-profile Australian television
personalities are under scrutiny as networks seek
to offset a downturn in advertising revenue. The
Seven and Nine networks are believed to be planning
to make significant 'efficiencies' across their
national newsrooms in coming months. In some cases,
popular TV personalities are being paid six-figure
salaries despite rarely being seen on screen. A
senior source at Nine has indicated that networks
will no longer keep people on their books with nothing
to do just so they will not be poached by a rival
network. (Roy Morgan Summary)
News
Media
Failing
Project officially gets axe
The
Ten Network has confirmed that long-running current
affairs panel show The Project will cease production
amid a decline in its ratings. The last edition
of the program will be broadcast on 27 June, nearly
16 years after it debuted as The 7pm Project in
July 2009. Ten has advised that it will be replaced
by an hour-long national news, current affairs and
insights program in the 6pm timeslot; it will complement
Ten's evening news bulletin at 5pm and compete with
the news bulletins of Nine and Seven. The Project's
current hosts Waleed Aly, Sarah Harris and Hamish
Macdonald will leave Ten. (RMS)
News
Gen
Z lead shift to ad-backed 'free' streamers
Tubi
is a free ad-supported video-on-demand service,
with international MD David Salmon saying that younger
audiences are showing an increased preference for
such services over paid subscription services. Salmon
contends that Gen Z is increasingly favouring streaming
platforms that "help them find their next fandom",
and that Tubi has gone from 25 million to 97 million
monthly users over the past five years. Owned by
Fox Corporation, Tubi is currently available in
Australia, the US, the UK, Canada, Mexico, New Zealand
and Latin America. (RMS)
News
Mining
Rio
ready to settle Mongolian lawsuit
Rio
Tinto is understood to be ready to settle a lawsuit
that has been led by Florida-based hedge fund Pentwater
Capital Management and was launched in 2022 by investors
in a company called Turquoise Hill. The lawsuit
relates to allegations that Rio withheld information
about cost blowouts and delays with its Oyu Tolgoi
copper mine project in Mongolia; Rio gained control
of the project and became its operator in 2012 by
acquiring a 50.7 per cent stake in a company later
renamed Turquoise Hill, with Rio acquiring the remainder
of Turquoise Hill for $US3.1bn in December 2022.
News that Rio is prepared to settle the lawsuit
comes as it is looking to appoint a successor to
Jakob Stausholm as its CEO. (RMS)
News
Rio
Tinto's departing CEO rejects talk of rift with
chair
It
was announced on 22 May that Jakob Stausholm would
be stepping down as CEO of Rio Tinto, with the fact
that no successor was announced at the time prompting
talk that the decision was rushed and was due to
tensions between Stausholm and chairman Dominic
Barton. However, speaking on Friday at the official
opening of Rio's $2.4 billion Western Range iron
ore joint venture with Chinese firm Baowu in the
Pilbara region, Stausholm denied talk of any rift
with Barton, while he said it was possible that
his successor could come from within Rio's ranks.
(RMS)
News
Fortescue
pushes for tax credit overhaul
Fortescue
intends to lobby the federal government to reform
the diesel fuel tax rebate scheme that sees the
mining sector claim back millions each year for
diesel when it is used on their private roads. Fortescue
contends the scheme serves as a disincentive for
large mining companies to switch from using diesel
in their truck fleets in the Pilbara region of Western
Australia, with Fortescue CEO Dino Otranto claiming
the scheme undermines the federal government's safeguard
mechanism; it wants a $50 million cap placed on
the amount that mining companies can claim back
under the scheme. (Roy Morgan Summary)
News
Pop
Culture News
Media
Man
Netflix
wins Media Man 'Streaming Service Of The Month'
award
The
Australian Financial Review wins Media Man 'Newspaper
Of The Month' award
Roy
Morgan Research wins Media Man 'News Services Company
Of The Month'
WWE
wins 'Wrestling Promotion Of The Month' award
UFC
wins Media Man 'MMA Promotion Of The Month' award
Karrion
Kross wins Media Man 'Wrestler Of The Month' award
(Men's Division)
Stephanie
Vaquer wins Media Man 'Wrestler Of The Month' award
(Women's Division)
El
Grande Americano wins Media Man 'Luchador Of The
Month' award; Runner-ups: Dirty Dom and Vikingo
Porsche
wins Media Man 'Auto Brand Of The Month' award
Google
Pixel wins Media Man 'Tech Brand Of The Month' award
News
June
10, 2025
Media
News
On
the losing side of Wall Street was Warner Bros.
Discovery, which flipped from a big early gain to
a loss of 3 per cent after saying it would split
into two companies. One will get Warner Bros. Television,
HBO Max and other studio brands, while the other
will hold onto CNN, TNT Sports and other entertainment,
sports and news television brands around the world,
along with some digital products.
Markets
and Cryptos
June
5, 2025
Sydney, Australia
Markets
ASX
futures up 3 points/ 0.04% to 8568
AUD +0.5% at US64.95¢
Bitcoin -1.2% to $US105,049
Dow -0.1%
S&P +0.2%
Nasdaq +0.3%
Gold +0.6% to $US3373.00 an ounce
Oil -1.1% at $US64.90 a barrel
Iron ore +1.1% at $US95.35 a ton
Cryptos:
Cryptos
Today: (Near Live)
Bitcoin
$104,694.56 USD -0.90%
Ethereum $2,610.29 USD +0.00%
Tether $1.00 USD -0.08%
XRP $2.21 USD -2.33%
BNB $664.14 USD +0.45%
Solana $154.54 USD -1.20%
USD Coin $1.00 USD +0.03%
Dogecoin $0.1886 USD -3.06%
Cardano $0.6704 USD -1.87%
TRON $0.2731 USD +0.73%
Wrapped Bitcoin $104,747.33 USD -0.85%
Sui $3.19 USD -2.21%
Chainlink $13.84 USD -1.82%
Avalanche $20.33 USD -4.01%
News
Bitcoin
News
Bitcoin
rebounded, while Ethereum still fights with its
200-day MA
Market
Picture
Market capitalisation at $3.32 trillion remains
roughly the same as the day before. With the start
of the new month, there is a visible upward trend
with a sequence of higher local highs, although
the market is more than 3% lower than seven days
ago.
The
cryptocurrency sentiment index remains in greed
territory at 62, although it has lost a couple of
points over the day. This cooling does not interfere
with the local positive trend but indicates a moderate
pace of growth.
Bitcoin
is trading above $105K, rebounding from lows near
$103K on 31 May. This looks like the beginning of
an upward movement from the mid-May consolidation
area. Potentially, this momentum could take the
market to new highs above $130K.
Ethereum
continues to struggle with its 200-day moving average,
unable to consolidate above it. However, the overall
positive background allows bulls to quickly seize
the initiative on downward pullbacks. As was the
case three and a half weeks ago, breaking through
$2,700 will be an important signal that the coin
has moved from consolidation to growth. In turn,
this could be an important indicator of renewed
optimism for the entire cryptocurrency market.
News
Background
Bitcoin could correct to $96,700, according to CryptoQuant.
This level corresponds to the average purchase price
of short-term investors. Bitcoin Magazine is also
not optimistic about the short-term prospects for
Bitcoin.
Strategy
has announced the issue of 2.5 million preferred
shares with a 10% dividend yield. The funds raised
will be used to purchase the first cryptocurrency.
Hong Kong-based Reitar Logtech Holdings intends
to purchase $1.5 billion worth of Bitcoin as a hedge
against volatility in traditional markets and to
increase financial stability. No specific purchase
dates have been announced.
Binance
founder Changpeng Zhao has spoken about the risks
associated with the widespread creation of corporate
reserves based on Bitcoin. According to him, they
are ‘non-binary and range from 0 to 100.’
However, it is possible to achieve an optimal risk/return
ratio with the right balance. (FxPro)
News
The
boiling point of the US labour market
Alternative
employment data points to a sharp slowdown ahead
of Friday's official employment report. ADP reports
private sector employment growth of 37K, the lowest
since March 2023 and well below the 6- and 12-month
averages of around 150K.
Judging
by this indicator, the US private sector labour
market may be close to boiling point, where it was
last seen for about a year from the first quarter
of 2019 when the increase was barely noticeable.
Employment is close to full capacity, but this is
not causing wage growth to accelerate or fuelling
inflation.
According
to another report, the US services sector moved
into contraction last month, as the ISM index fell
to 49.9 from 51.6 a month earlier. Tariff uncertainty
in April and May appears to be the main reason why
order components are pulling the index down.
At
the same time, the main obstacle to the Fed cutting
rates remains, as the price component stands at
68.7 (the highest since November 2022), with prices
rising in 16 out of 18 sectors. Earlier this week,
the manufacturing ISM also reported some of the
highest price growth rates since the beginning of
2022.
Most
likely, the Fed will prefer to pause rather than
move to easing policy, as the US president demands
based on the data released. In theory, this is bearish
news for the markets, but they are rising in the
hope that the planned call on Friday between the
leaders of the two largest economies will reverse
the trend of recent months. (FxPro)
News
Cryptocurrency
News
Bitcoin
Market Dynamics: Bitcoin’s circulating supply
is tightening, potentially setting the stage for
price surges due to growing demand, as noted in
Sygnum Bank’s June 2025 Monthly Investment
Outlook. Bitcoin recently hit a high of $112,000
in May but dipped to $103,500 by late May, with
analysts predicting it could reach $118,000 by June
30, 2025, if bullish momentum continues. Some forecasts
suggest Bitcoin could climb to $175,000 in 2025
or even $250,000, driven by institutional demand
and pro-crypto regulations, though bearish trends
remain a risk.
XRP
Price Volatility: XRP, after a 255% surge from November
2024 to January 2025, has fallen 34% from its January
peak of $3.31. Analysts suggest it could break above
$2.20 soon, with some predicting a potential rise
to $5.81 in 2025 due to institutional adoption,
while others warn of a possible delay in a bull
run until November 2025.
Trump-Branded
Crypto Ventures: A Trump-branded crypto wallet,
the “Official $TRUMP Wallet,” was announced,
but Trump’s sons distanced the family from
it, highlighting rifts in their crypto ventures.
The wallet, linked to the $TRUMP meme coin, allows
trading of various cryptocurrencies and offers a
$1 million reward sweepstakes for waitlist signups.
Critics raise concerns about regulatory conflicts
given Trump’s role in crypto oversight.
Stablecoin
and ETF Developments: Stablecoin legislation is
gaining traction, with the U.S. Senate advancing
the GENIUS Act to regulate stablecoins, potentially
boosting their adoption. Bitcoin ETFs saw $5.6 billion
in inflows in May, with a 3-for-1 share split planned
for the ARK 21Shares Bitcoin ETF on June 16 to make
it more accessible. U.S. BTC and ETH spot ETFs also
reported inflows of $139.93 million and $109.43
million, respectively, on June 3.
Security
and Regulatory Shifts: The SEC dropped its lawsuit
against Binance, signaling a crypto-friendly stance
under the Trump administration. However, a Coinbase
customer data leak linked to an outsourcing company,
known since January, may have cost up to $400 million.
Additionally, “wrench attacks” combining
cybercrime and physical theft are rising, with a
notable case involving an Italian crypto trader
in New York.
Other
Crypto Updates: Pi Network’s price has dropped
over 75% since February, with predictions it could
fall to $0.40 unless transparency improves, despite
a new game app launch. Pakistan allocated 2,000
megawatts to support Bitcoin mining and AI data
centers, aiming to legalize crypto and attract investment.
Conversely, China’s tightened restrictions
on crypto ownership led to a $61 billion market
cap dip.
Sentiment
on X: Posts on X reflect optimism for crypto, with
some claiming Bitcoin could hit $130,000 if not
for market scares like China’s restrictions.
Others highlight Pi Network’s potential, with
speculative claims of it reaching $5 soon. (Grok)
News
Markets:
Recap
ASX
futures down 2 points to 8563
Australian
dollar +0.5% to 64.94 US cents
Wall
Street:
S&P 500 flat
Dow Jones -0.2%
Nasdaq +0.3%
Europe:
Stoxx 50 +0.6%
FTSE +0.2%
DAX +0.8%
CAC +0.5%
Bitcoin
-1% to $US104,749
Spot gold +0.6% to $US3372.65 per ounce
US Oil -1.1% to $US62.74 a barrel
Brent crude oil -1.2% to $US64.85 a barrel
Iron ore +1.1% to $US95.35 per ton
10-year yield: US 4.35% Australia 4.25% Germany
2.52%
News
Best
Quotes Of The Day
"Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme."
— Naval Ravikant
"We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error."
— Tyler Winklevoss
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." — John McAfee
"Bitcoin
is the most important invention in the history of
the world since the Internet." — Roger
Ver
"Cryptocurrency
is such a powerful concept that it can almost overturn
governments." — Charles Lee
"In
the future, national currencies will become obsolete.
Bitcoin will become the single global currency."
— Jack Dorsey
"The
future of finance is crypto, whether it’s in
payments, contracts, or savings." — Changpeng
Zhao
"Crypto
offers freedom to the unbanked and hope to the underprivileged."
— Elizabeth Stark
"The
new frontier of innovation is in decentralization.
Blockchain leads the charge." — Don Tapscott
"Digital
currency is here to stay, and it’s only a matter
of how long before governments embrace it."
— Brad Garlinghouse
Cryptos
and Markets
May
31, 2025
Sydney,
Australia
10-yr
yld: US 4.40% Aus 4.25%
Bitcoin
$104,547.35 USD -1.19%
Ethereum $2,530.74 USD -4.11%
Tether $1.00 USD +0.53%
XRP $2.15 USD -4.46%
BNB $659.34 USD -2.36%
Solana $156.98 USD -5.68%
USD Coin $1.00 USD +0.06%
Dogecoin $0.1933 USD -10.52%
Cardano $0.6906 USD -4.74%
TRON $0.2683 USD -2.09%
Wrapped Bitcoin $104,481.81 USD -1.12%
Sui $3.23 USD -8.47%
News
Cryptocurrency
News
Bitcoin
Price Movements: Bitcoin is trading around $109,700,
slightly up after hitting a record high, with focus
on the Bitcoin 2025 Conference in Las Vegas.
Analysts
predict a potential rise to $120,000-$330,000 by
year-end, driven by market momentum and a bullish
long-term indicator. However, some warn of a possible
30% correction due to historical market patterns.
Market
Trends: The crypto market is experiencing consolidation,
with Bitcoin gaining $15,000 in May alone. There's
an 80% chance of a new all-time high in 2025, per
analysts. Altcoins like Ethereum ($2,657.56, up
3.6%) and XRP ($2.33, flat) show mixed performance.
US BTC spot ETFs saw $385.65M in net outflows, while
ETH ETFs had $91.93M in inflows.
Fraud
Surge: MEXC exchange reported a 200% increase in
fraudulent trading activity in Q1 2025, highlighting
growing security concerns in the crypto space.
Regulatory
Shifts: The SEC dropped its lawsuit against Binance
and Changpeng Zhao, signaling a reduction in crypto
enforcement actions. US banks are exploring crypto
through pilot programs and partnerships, awaiting
clearer regulations.
Trump's
Crypto Influence: Trump Media plans to raise $2.5-$3B
to invest in Bitcoin, aligning with Trump's pro-crypto
stance. His family's ventures, including $TRUMP
memecoin and World Liberty Financial, have raised
ethical concerns due to potential conflicts of interest.
Vice President JD Vance called Trump a crypto "champion"
at the Bitcoin 2025 Conference.
Crime
Reports: A crypto investor in New York was charged
with kidnapping and torturing a man to steal his
Bitcoin, reflecting ongoing security risks.
Other
Developments: Pakistan is allocating 2,000 MW for
Bitcoin mining and AI data centers to legalize crypto
and attract investment. XRP's deflationary model
and role in global payments are seen as long-term
price drivers. (Grok)
Markets
ASX
futs up 8 points/ 0.1% to 8465 AUD -0.2% to US64.31¢
BTC -1.5% to $US104,638
Wall St: Dow +0.1% S&P -0.01% NAS -0.3%
VIX -0.61 to 18.57
Gold -0.9% to $US3289.25 an ounce
Oil -0.4% to $US63.90 a barl
Iron ore -0.2% to $US95.80 a ton
10-yr yld: US 4.40% Aus 4.25%
News
Blockchain
News
SEC
Drops Binance Lawsuit: The U.S. Securities and Exchange
Commission (SEC) has formally ended its lawsuit
against Binance and its founder Changpeng Zhao,
marking a significant retreat from one of the last
major crypto enforcement actions. This follows the
SEC scaling back or settling cases against other
crypto firms like Coinbase and Kraken under the
current administration.
U.S.
Legislative Moves: The U.S. Congress introduced
a bipartisan crypto market structure bill, aiming
to provide clearer regulations for the industry.
Additionally, a procedural vote on the Stablecoin
Genius Act is set for next week, with revisions
addressing some Democrat concerns, though Senator
Warren argues financial stability risks remain unaddressed.
Bitcoin
ETF Inflows: U.S. Bitcoin exchange-traded funds
(ETFs), led by BlackRock’s iShares Bitcoin
Trust, have seen over $9 billion in inflows over
the past five weeks, while gold-backed funds lost
$2.8 billion, signaling a shift in investor preference
toward digital assets.
Global
Blockchain Initiatives: Pakistan appointed Bilal
bin Saqib as a special assistant on blockchain and
cryptocurrency to drive its digital economy transition,
joining nations like the U.S. and UAE with dedicated
crypto leadership. Meanwhile, FIFA partnered with
Avalanche to launch a custom Layer-1 blockchain
for digital collectibles and ticketing.
Security
Concerns: In France, crypto entrepreneurs like Paymium’s
CEO Pierre Noizat faced targeted attacks, prompting
increased law enforcement protection. A New York
crypto investor was also accused of kidnapping and
torturing an Italian tourist over a Bitcoin wallet
password.
Blockchain
Innovations: Cardano’s Hydra protocol, a Layer-2
scaling solution, achieved over 1 million transactions
per second in testing, positioning it as one of
the fastest blockchain networks. Sei Network’s
Sei Giga upgrade also aims to enhance its EVM blockchain
speed.
Crypto
Market Trends: Bitcoin hit an all-time high of $110,707,
with prices stabilizing above $109,000, while Notcoin
($NOT) surged 70% post-airdrop. However, a hack
on Sui’s Cetus DEX raised concerns about blockchain
security.
News
Gold
May
29, 2025
Gold
got another strong bid on a dip
Gold
has been on a downward trend since the end of last
week, with the sell-off peaking in the first few
minutes after reports that a trade court ruled that
most of Trump's tariffs were illegal. Having fuelled
risk appetite, this news triggered a sell-off in
the ‘defensive asset’. The positive traction
ended rather quickly as the US President's administration
appealed.
Gold
managed to stay within this year's pattern and was
actively bought on an intraday dip below $3250,
once again pushing the price away from the 50-day
moving average. The dynamics are impressive as the
price is adding about 2% to the intraday lows, reaching
$3310 per ounce. In April and earlier in May, the
price had already bounced off this curve, forming
a sequence of higher local lows.
On
the other hand, gold also has three successive lower
peaks from the all-time highs in April, forming
a line of downward resistance. This line is already
being tested, and confirmation of its break will
be a consolidation above the previous highs at $3365.
It promises to be a prelude to a rise above the
established historical highs at $3500. (FxPro)
Pop
Culture News Flashback
The
Swiss Conspiracy: Movie
The
Swiss Conspiracy is a 1976 action-crime-drama film
directed by Jack Arnold, known for his work in B-horror
classics like The Incredible Shrinking Man.
It’s
a West German-American co-production filmed entirely
on location in Zurich and the Swiss Alps, giving
it a picturesque backdrop that often overshadows
its convoluted plot. The movie stars David Janssen
as David Christopher, a former U.S. Treasury official
turned security consultant, hired by a Zurich-based
Swiss bank to investigate a blackmail scheme targeting
five of its clients with secret numbered accounts.
The
cast includes Senta Berger, John Ireland, John Saxon,
Ray Milland, and Elke Sommer, with a mix of European
and American actors adding an international flavor.
The
plot revolves around the bank, led by president
Hurtil (Milland), receiving anonymous threats to
expose the identities of five clients unless it
pays 10 million Swiss francs in uncut diamonds.
The
blackmailed clients include a Chicago mobster (Saxon),
a Texas businessman (Ireland), a Dutch financier
(Curt Lowens), a Zurich resident (Berger), and a
crooked arms dealer who’s killed early on after
refusing to pay.
Christopher’s
investigation uncovers a web of deceit, with the
blackmailees potentially blackmailing each other.
The Swiss Federal Police, led by Captain Hans Frey,
complicate matters by suspecting Christopher himself.
The story culminates in a dramatic showdown in the
Alps, involving a diamond exchange and a surprise
twist, though some critics found the resolution
murky.
The
film’s strengths lie in its vibrant Swiss scenery,
lively jazz-funk score by Klaus Doldinger, and a
cast that seems to enjoy the locale more than the
script. Highlights include fast-paced action scenes,
exotic sports cars, and Berger’s charismatic
performance as a Ferrari-driving femme fatale.
However,
it’s criticized for its slow pacing, talky
investigation scenes, and a plot that demands close
attention to follow—miss a minute, and you’re
lost.
The
production quality varies, with some noting grainy
visuals and sloppy editing in certain DVD transfers,
possibly due to its public domain status. John Saxon’s
performance as the mobster is polarizing, with some
calling it exaggerated, while others praise the
film’s B-movie charm and 1970s Euro-thriller
vibe.
It
holds a 5.0/10 rating on IMDb, reflecting mixed
reception.
Fans
appreciate its suspense and setting, calling it
an underrated gem, while detractors find it bland
and poorly executed.
The
movie is available to stream on platforms like Tubi,
Hoopla, IndieFlix, and Prime Video (for rent or
purchase) in the US and Canada. A 4K restored special
edition from Film Masters includes extras like a
commentary track, a visual essay, and a featurette
on Jack Arnold’s career. (Grok)
News
Best
Quotes Of The Day
"Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme."
— Naval Ravikant
"We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error."
— Tyler Winklevoss
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." — John McAfee
"Bitcoin
is the most important invention in the history of
the world since the Internet." — Roger
Ver
"Cryptocurrency
is such a powerful concept that it can almost overturn
governments." — Charles Lee
"In
the future, national currencies will become obsolete.
Bitcoin will become the single global currency."
— Jack Dorsey
"The
future of finance is crypto, whether it’s in
payments, contracts, or savings." — Changpeng
Zhao
"Crypto
offers freedom to the unbanked and hope to the underprivileged."
— Elizabeth Stark
"The
new frontier of innovation is in decentralization.
Blockchain leads the charge." — Don Tapscott
"Digital
currency is here to stay, and it’s only a matter
of how long before governments embrace it."
— Brad Garlinghouse
Markets,
Cryptos and News Culture
Thank
God It's Friday Edition
May
30, 2025
Markets
ASX
futures down 23 points/0.3% to 8398
AUD +0.3% at US64.47¢
BTC -1.0% to $US105,880
Dow +0.3% S&P +0.3% NAS +0.4%
Gold +0.9% to $US3316.21 an ounce
Oil -1.1% at $US64.19 a barl
Iron ore +1.0% at $US97.05 a ton
News
Cryptos
Today: (Near Live)
Bitcoin
$106,376.59 USD -1.06%
Ethereum $2,656.66 USD +0.12%
Tether $0.9993 USD -0.18%
XRP $2.28 USD +0.59%
BNB $678.10 USD -1.57%
Solana $168.21 USD -2.02%
USD Coin$1.00 USD +0.01%
Dogecoin $0.219 USD -0.49%
Cardano $0.7335 USD -1.33%
TRON $0.2752 USD +0.41%
Wrapped Bitcoin $106,188.60 USD -1.12%
Sui $3.58 USD +0.03%
Chainlink $15.24 USD -2.09%
Avalanche $22.70 USD -2.33%
News
Ethereum
Accelerates as Bitcoin Consolidates
Market
Picture
Market capitalisation has changed little over the
last day, hovering around the $3.42 trillion mark.
Cryptocurrencies
prefer not to notice positive stock market movements
as they are related to tariffs and company reports,
not money supply. In addition, the dollar's exchange
rate is rising for the third day.
The
day before, Bitcoin retreated from the trading range's
upper boundary at 110k to its lower boundary at
107k. This rest at previous highs effectively removes
the local overheating of the market. As the institutional
presence in Bitcoin expands, its dynamics are becoming
more similar to the behaviour of stock and commodity
market instruments, with less pronounced FOMO periods.
Ethereum
was briefly above $2780 on Thursday morning, hitting
new highs from February and the 200-day moving average.
A consolidation above $2700 has the potential to
attract the attention of broader traders, kick-starting
momentum to $3300 or even $4000.
News
Background
Bitcoin options maturing in June-July have been
dominated by activity in calls with strikes of $115,000
and $120,000, Kaiko notes. The highest turnover
was in contracts with expiry at $110,000, suggesting
consolidation at established levels in the coming
weeks.
Trump
Media, a company linked to US President Donald Trump's
family, will raise $2.5bn through the sale of stocks
and bonds to build a bitcoin reserve. The company
has signed private placement agreements with about
50 institutional investors to raise the funds.
Circle,
which issues the USDC stablecoin, has updated documents
for an IPO on the NYSE. The goal is to raise about
$600m with the firm’s valuation of $5.4bn.
Cardano
founder Charles Hoskinson announced a willingness
to integrate Ripple's stablecoin RLUSD into its
blockchain without charging fees, as a gesture of
support for the XRP community.
News
Cryptocurrency
News
Market
Trends: Bitcoin (BTC) has been consolidating around
$108,500-$109,700 after hitting a record high near
$112,000, driven by institutional interest and optimism
around U.S. regulatory developments like the GENIUS
Act for stablecoins. However, analysts note signs
of exhaustion in BTC, Ethereum (ETH), and Ripple
(XRP), with ETH at $2,657.56 and XRP at $2.33. The
market saw a dip on May 28, attributed to short-term
corrections after rallies, but Bitcoin’s long-term
strength remains firm, with predictions suggesting
BTC could hit $175,000 in 2025 or even $900,000
by 2030.
Regulatory
and Political Developments: The Trump administration’s
pro-crypto stance has boosted market sentiment.
Vice President JD Vance, speaking at the Bitcoin
2025 Conference in Las Vegas (May 27-29), called
the administration a “champion” for crypto.
Trump’s family is heavily involved, with ventures
like the $TRUMP memecoin and World Liberty Financial’s
USD1 stablecoin, raising ethical concerns due to
potential conflicts of interest. The U.S. Senate’s
advancement of the GENIUS Act signals potential
regulatory clarity for stablecoins. Meanwhile, former
CFTC Chair Rostin Behnam noted on May 28 that crypto
markets remain unregulated without expanded agency
authority.
Corporate
Moves: Trump Media & Technology Group plans
to raise $2.5-$3 billion to invest in Bitcoin, aiming
to diversify its assets and support a Truth Social
utility token. GameStop purchased $513 million in
Bitcoin, reflecting a trend of public companies
adding crypto to their balance sheets. Bybit established
its European headquarters in Vienna, Austria, on
May 29, signaling global exchange expansion.
Crime
and Legal Issues: A cryptocurrency investor,:J ohn
Woeltz, was charged in New York on May 24 with kidnapping
and torturing a man to extract Bitcoin passwords,
highlighting security risks in the crypto space.
Other
Developments: Pakistan allocated 2,000 megawatts
to support Bitcoin mining and AI data centers, aiming
to legalize crypto and attract foreign investment.
Binance’s Alpha program is reportedly impacting
airdrops, and classic game MapleStory launched a
blockchain version with $NXPC cryptocurrency.
Critical
Note: While the crypto market shows bullish trends,
the volatility of assets like $TRUMP memecoin (with
43% of top holders losing money) and ethical concerns
around political involvement warrant caution. Always
conduct thorough research before investing, as prices
are highly volatile and regulatory landscapes are
evolving. (Grok)
News
Blockchain
News
Bitcoin
2025 Conference Highlights: The Bitcoin 2025 conference
in Las Vegas drew significant attention, with U.S.
Vice President JD Vance delivering a keynote, stating
that stablecoins do not threaten the U.S. dollar
and emphasizing the Trump administration’s
support for crypto, calling it a “champion”
for the industry. Jack Dorsey’s Block also
piloted real-time bitcoin payments using the Lightning
Network at a merch truck, marking a step toward
mainstream adoption.
Bitcoin
Price Surge: Bitcoin hit a record high near $112,000,
with a 60% surge since Trump’s re-election
in November 2024. Standard Chartered predicts Bitcoin
could reach $200,000 by the end of 2025, driven
by regulatory support and market momentum.
U.S.
Banks and Crypto: Major U.S. banks are cautiously
exploring cryptocurrencies, focusing on pilot programs
and partnerships as regulators signal stronger endorsements.
This reflects a shift toward integrating digital
assets into traditional finance.
Global
Blockchain Developments: Pakistan appointed Bilal
bin Saqib as a special assistant on blockchain and
cryptocurrency, signaling a push toward a digital
economy.
Blockchain.com,
a UK-based crypto exchange, plans expansion in Nigeria,
Ghana, Kenya, and South Africa, targeting regulated
African markets.
Webus
International announced a $300 million financing
plan for XRP blockchain integration, renewing a
partnership with Toncheng Travel.
FIFA
partnered with Avalanche to launch a custom Layer-1
blockchain for digital collectibles and ticketing.
Other
Crypto News:
Solana is projected to reach $275 by year-end but
may underperform Ethereum, which is forecast to
hit $4,000.
XRP
is expected to reach $27 by July 2025, following
a 600% surge post-U.S. elections.
Tether
plans to focus on non-U.S. markets while aligning
with potential U.S. regulations.
Controversies:
President
Trump’s involvement with the $TRUMP memecoin,
including a $148 million gala, has raised ethical
concerns about potential influence-buying.
A
crypto investor in New York was charged with kidnapping
and torture over a Bitcoin password dispute. (Grok)
News
ASX
at three-month high; oil stocks rally
The
Australian sharemarket posted a small gain on Thursday,
with the S&P/ASX 200 adding 0.2 per cent to
close at 8,409.8 points. Woodside Energy rose 2.8
per cent to $22.73, Capstone Copper was up 4.7 per
cent at $8.69 and Megaport ended the session three
per cent higher at $13.95. However, BHP was down
0.8 per cent at $38.15 and Resolute Mining fell
2.4 per cent to $0.61.
News
News
Culture: Australia
Sports
NSW
Origin win draws biggest audience in years
Data
from OzTAM shows that the first match in the annual
State of Origin rugby league series had an average
national audience of 3.8 million people. This makes
it the most-watched TV event so far in 2025, and
compares with an average audience of 3.4 million
for the corresponding match in 2024. The figures
also show that 963,000 people watched the match
via the Nine Network's 9Now streaming app, compared
with 760,000 in 2024. Ben Willee from media agency
Spinach notes that State of Origin has been a ratings
winner for more than 30 years; he adds that great-quality
live sport will always rate well. (RMS)
News
Real
Estate
ACCC
confirms investigation into REA Group
The
Australian Competition & Consumer Commission
has formally confirmed that it is undertaking an
investigation into REA Group. A spokeswoman for
the ACCC has stated that the investigation is in
its early stages, adding that it cannot comment
any further because the probe is ongoing. REA Group
has attracted scrutiny after some real estate agents
complained of large increases in their monthly subscription
fees for the realestate.com.au portal, as well as
the cost of listing a property on the site. REA
Group is majority-owned by News Corp. (RMS)
News
Last
of the Mad Men steps away
Australian
advertising industry veteran David Droga will step
down as the global CEO of Accenture Song in September,
after four years in the role. However, he intends
to stay on at Accenture as its vice-chairman; Droga
has ruled out starting another new advertising agency,
having founded Droga5 in 2006. He joined Accenture
Interactive when it acquired Droga5 in 2019, and
the creative arm of the professional services firm
was subsequently rebranded as Accenture Song. Its
revenue has increased from $US12.5bn in 2021 to
$US19bn in 2024. (Roy Morgan Summary)
News
Mining
Glencore
moves $30b to Australia in restructure
Anglo-Swiss
multinational Glencore has undertaken a restructuring
in which more than $30bn worth of global assets
were transferred to an Australian subsidiary, Glencore
Investment Pty Ltd. These assets include coal mines
in several countries and a manganese and vanadium
business in South Africa. Glencore Investments already
holds the group's coal mines in NSW and Queensland,
and the subsidiary now has assets of about $US42bn
($65bn). Ben Cleary from Tribeca Investment Partners
says the restructure suggests that Glencore is preparing
for a transaction; he notes that none of its potential
merger partners want the group's coal mines or its
South African assets. (RMS)
News
Ellison
on MinRes haul road show
Mineral
Resources MD Chris Ellison and Malcolm Bundey have
personally accompanied analysts and investors on
a site tour of its Onslow Iron project. The tour
included Mineral Resources' trouble-plagued 147-kilometre
haulage road, which is used to transport iron ore
from the Ken's Bore mine to a port near Onslow.
The site visit took place just days after Mineral
Resources issued a production downgrade for the
Onslow Iron project, which prompted a sharp fall
in its share price. (Roy Morgan Summary)
News
Roy
Morgan wins Media Man 'Media Services Of The Month'
award
Media
Man
UFC
wins Media Man 'MMA Promotion Of The Month' award
WWE
wins Media Man 'Wrestling Promotion Of The Month'
award; Runner-ups: NXT, TNA Wrestling, AEW, NWA
WSL
wins Media Man 'Surfing Promotion/Brand Of The Month'
award
Netflix
wins Media Man 'Streaming Service Of The Month'
award; Runner-ups: YouTube and MAX
News
Best
Quotes Of The Day
"Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme."
— Naval Ravikant
"We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error."
— Tyler Winklevoss
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." — John McAfee
"Bitcoin
is the most important invention in the history of
the world since the Internet." — Roger
Ver
"Cryptocurrency
is such a powerful concept that it can almost overturn
governments." — Charles Lee
"In
the future, national currencies will become obsolete.
Bitcoin will become the single global currency."
— Jack Dorsey
"The
future of finance is crypto, whether it’s in
payments, contracts, or savings." — Changpeng
Zhao
"Crypto
offers freedom to the unbanked and hope to the underprivileged."
— Elizabeth Stark
"The
new frontier of innovation is in decentralization.
Blockchain leads the charge." — Don Tapscott
"Digital
currency is here to stay, and it’s only a matter
of how long before governments embrace it."
— Brad Garlinghouse
Markets
and Cryptos
Markets:
May
29, 2025
ASX
futures down 1 point/0.01% to 8416
AUD -0.3% at US64.25¢
Bitcoin -2.5% to $US107,232
Dow -0.5% S&P -0.3% NAS 0.2%
Gold -0.1% to $US3296.72 an ounce
Oil +0.7% at $US64.56 a barrel
Iron ore -0.2% at $US95.00 a ton
Cryptos:
Cryptos
Today: (Near Live)
Bitcoin
$107,432.57 USD -2.07%
Ethereum $2,639.78 USD -1.39%
Tether $1.00 USD +0.03%
XRP $2.26 USD -3.27%
BNB $688.30 USD -0.43%
Solana $171.06 USD -4.13%
USD Coin $1.00 USD +0.01%
Dogecoin $0.2192 USD
Cardano $0.7386 USD -3.52%
TRON $0.275 USD -0.73%
Wrapped Bitcoin $107,313.67 USD -2.02%
Sui $3.56 USD -3.87%
Chainlink $15.45 USD -3.62%
Avalanche $23.25 USD -1.55%
News
Bitcoin
News
Market
Performance: The cryptocurrency market has seen
a 2.2% decrease in total market capitalization,
now standing at $3.55 trillion, with trading volume
at $116 billion. Bitcoin (BTC) has consolidated
after hitting a record high of $111,814 last week,
currently trading around $108,897. Solana ranks
among the lowest funding rates, indicating market
dynamics.
Bitcoin
2025 Conference: The Bitcoin 2025 conference in
Las Vegas, starting May 27, has drawn attention
with high-profile attendees. Vice President JD Vance
spoke, emphasizing the Trump administration's pro-crypto
stance, stating, "crypto finally has a champion"
in the White House.
Corporate
Adoption:
GameStop
confirmed its first Bitcoin investment, acquiring
4,710 BTC.
Trump
Media and Technology Group plans to raise $2.5 billion
to invest in Bitcoin, with CEO Devin Nunes calling
it an "apex instrument of financial freedom."
This follows speculation about a $3 billion raise,
which the company denied.
Regulatory
Developments:
Republican
Representative Bryan Steil, at the Bitcoin 2025
conference, urged lawmakers to avoid adding non-relevant
clauses to two key crypto bills (Stablecoin and
Market Structure legislation), which he believes
could unlock a "golden age" for digital
assets.
The
U.S. Senate advanced the GENIUS Act, a stablecoin
regulatory framework, boosting Bitcoin to a high
of $109,730. However, concerns about conflicts of
interest persist due to President Trump's involvement
in crypto ventures like the $TRUMP memecoin and
a family-backed stablecoin, USD1.
Ethical
Concerns:
Trump’s
$TRUMP memecoin has raised ethical issues, with
43% of top investors (95 of 220) losing a combined
$8.95 million. Trump hosted a gala for top holders,
sparking criticism over potential "pay-for-play"
schemes.
Watchdog
groups and some lawmakers have criticized Trump’s
push to ease crypto oversight while his family’s
ventures, including a $2 billion deal with Binance
and an Abu Dhabi fund, raise conflict-of-interest
concerns.
Crime
and Security:
A crypto investor, John Woeltz, was charged in New
York with kidnapping and torturing a man to extract
Bitcoin passwords, highlighting rising crypto-related
crimes.
Posts
on X mention a wave of crypto-related kidnappings
in France linked to rising prices.
Other
Developments:
Circle, the issuer of the $61 billion USDC stablecoin,
rejected a $4-5 billion acquisition offer from Ripple,
filing for an IPO instead.
Pakistan
allocated 2,000 megawatts to support Bitcoin mining
and AI data centers, aiming to legalize crypto and
attract investment.
The
U.S. Department of Labor rescinded 2022 guidance
on cryptocurrency in 401(k) plans, signaling a shift
in policy.
Price
Predictions:
ARK
Invest’s Cathie Wood predicts Bitcoin could
reach $2.4 million, implying a $50.4 trillion market
cap, though some view this as ambitious.
Bitcoin’s
rally is supported by institutional ownership and
ETF inflows, with $40 billion in Bitcoin ETF inflows
in May alone.
Note:
Cryptocurrency prices are volatile, and regulatory
developments can shift rapidly.
News
Bitcoin
Movies
Money
Electric: The Bitcoin Mystery (2024, HBO Documentary)
- Directed by Cullen Hoback, this documentary investigates
the origins of Bitcoin and the identity of its creator,
Satoshi Nakamoto. It offers a thrilling, globe-spanning
exploration with new clues about Bitcoin’s
rise and its mysterious founder. Available on HBO
and streaming on Max.
Bitcoin:
The End of Money as We Know It (2015) - Directed
by Torsten Hoffmann and Michael Watchulonis, this
documentary provides a concise crash course on money
and cryptocurrencies. It traces the history of money
from barter to Bitcoin, highlighting its potential
to disrupt traditional financial systems. Features
experts like Andreas M. Antonopoulos and Jeffrey
A. Tucker. Available on platforms like Prime Video.
IMDb rating: 6.9/10.
The
Rise and Rise of Bitcoin (2014) - Directed by Nicholas
Mross, this documentary follows computer programmer
Daniel Mross, an early Bitcoin enthusiast, exploring
Bitcoin’s evolution and its volatile nature.
It includes interviews with key figures like Gavin
Andresen and Charlie Shrem. Great for beginners,
available on iTunes and Prime Video.
Banking
on Bitcoin (2016) - Directed by Christopher Cannucciari,
this documentary dives into Bitcoin’s early
days and its potential to disrupt traditional banking.
It features interviews with blockchain experts and
pioneers, emphasizing the philosophical and economic
impact of decentralized currencies. Available on
platforms like Prime Video.
Bitconned
(2024, Netflix) - A true-crime documentary exploring
the Centra Tech crypto scam, where three individuals
exploited the unregulated crypto market to scam
millions. It highlights the darker side of cryptocurrency.
Available on Netflix. IMDb rating: 6.5/10.
Crypto
(2019) - A fictional crime thriller directed by
John Stalberg Jr., starring Beau Knapp, Alexis Bledel,
and Kurt Russell. It follows an anti-money laundering
agent uncovering a cryptocurrency-related scheme
in a small town. Mixed reviews, with a "rotten"
rating on Rotten Tomatoes but praised for its convoluted
plot. Available on platforms like Prime Video.
Trust
Machine: The Story of Blockchain (2018) - Directed
by Alex Winter, this documentary explores blockchain
technology’s broader impact beyond cryptocurrency,
addressing privacy, security, and societal implications.
Available on various streaming platforms.
Cryptopia:
Bitcoin, Blockchains and the Future of the Internet
(2020) - Directed by Torsten Hoffmann, this follow-up
to his 2015 film examines the evolution of blockchain
and its societal impact, featuring interviews with
experts in finance and technology. Available on
platforms like Prime Video.
Life
on Bitcoin (2014) - A documentary following newlyweds
Austin and Beccy Craig as they attempt to live for
100 days using only Bitcoin, showcasing its practical
challenges and adoption in its early days.
Bitcoin
Heist (2016) - A Vietnamese action-comedy directed
by Ham Tran, this fictional film follows a group
of hackers attempting a high-stakes Bitcoin heist.
It blends humor, action, and tech-savvy thrills.
These
films span documentaries and fictional narratives,
offering educational insights, thrilling stories,
and perspectives on Bitcoin’s cultural and
economic impact. For the latest releases, check
streaming platforms like Netflix, HBO Max, or Prime
Video, as the crypto space evolves rapidly, and
new films may emerge.
News
Pop
Culture News
Sharemarket
Movies
The
Wolf of Wall Street (2013) - Directed by Martin
Scorsese, this film depicts the rise and fall of
Jordan Belfort, a stockbroker involved in fraudulent
schemes. It remains a cultural touchstone for depicting
the excesses of Wall Street.
The
Big Short (2015) - Directed by Adam McKay, this
movie explains the 2008 financial crisis through
the lens of investors who bet against the housing
market. It’s lauded for making complex financial
concepts accessible.
Wall
Street (1987) - Oliver Stone’s classic follows
Gordon Gekko, a ruthless corporate raider, and his
influence on a young stockbroker. Its iconic "greed
is good" line still resonates.
Margin
Call (2011) - A fictional take on the 2008 financial
crisis, focusing on a 24-hour period at an investment
bank. It’s praised for its tense portrayal
of financial decision-making.
Too
Big to Fail (2011) - An HBO film about the 2008
financial crisis, focusing on key players like Treasury
Secretary Hank Paulson and the collapse of Lehman
Brothers.
These
films are often recommended for their dramatic portrayals
of financial markets and their impact on society.
A 2017 post on X also highlighted Gafla (about the
Harshad Mehta scam), Too Big to Fail, and Margin
Call as must-watch stock market movies, showing
ongoing interest in this genre.
News
Recent
News Related to Movies and Markets
While
there’s no direct news about new share market-themed
movies in the provided sources, several recent developments
in the movie industry intersect with market dynamics:
Impact
of Trump’s Proposed 100% Tariff on Foreign
Films:
On
May 5, 2025, U.S. President Donald Trump announced
a 100% tariff on movies produced outside the U.S.,
citing the decline of Hollywood due to foreign incentives
luring filmmakers. This led to a drop in media stocks,
including Netflix (down significantly due to its
75% international content production), Disney, Warner
Bros. Discovery, and Paramount. The tariffs aim
to boost U.S. film production but have sparked concerns
about higher costs, fewer films, and potential retaliatory
measures from foreign governments. Industry experts
are skeptical about implementation, as movies are
intellectual property, not typical goods subject
to tariffs.
Actor
Jon Voight supported the tariff, framing "runaway
production" (filming abroad for tax benefits)
as a threat to U.S. jobs, while SAG-AFTRA endorsed
efforts to increase domestic production. However,
California Governor Gavin Newsom’s office stated
Trump lacks authority to impose such tariffs.
This
could indirectly affect share market-themed movies,
as many are produced internationally (e.g., Mission:
Impossible – The Final Reckoning filmed in
the UK). Higher costs might limit budgets for complex
financial dramas.
Box
Office Performance of Recent Films:
Recent
box office successes like Final Destination Bloodlines
($51.7M opening weekend) and A Minecraft Movie (nearing
$1B globally) show strong audience demand for genre
films, which could encourage studios to greenlight
more niche projects like financial dramas if they
see market potential.
However,
Hurry Up Tomorrow flopped ($3.3M opening), indicating
that audience taste is selective, which might make
studios cautious about risky share market stories
without broad appeal.
Market
Trends and Film Industry:
The
Australian share market rose recently due to expectations
of Reserve Bank of Australia interest rate cuts,
boosting sectors like technology and finance. This
positive sentiment could indirectly support investment
in entertainment, including films about financial
markets.
In
India, PVR INOX reported optimism about increased
cinema footfall by May 2025, driven by a strong
Hollywood and Bollywood lineup, which could include
financial thrillers if they gain traction.
Google’s
entry into film production with Range Media Partners
aims to back movies that align with its worldview,
potentially opening avenues for tech-finance crossover
stories.
Critical
Perspective
The
lack of recent news about new share market-themed
movies suggests the genre isn’t currently a
priority for studios, possibly due to its niche
appeal compared to blockbusters like superhero or
horror films. Trump’s tariff proposal introduces
uncertainty, as it could raise costs for international
productions, potentially stifling creative projects.
However, the tariff’s feasibility is questionable—movies
as intellectual property don’t fit neatly into
tariff frameworks, and global production is deeply
integrated (e.g., visual effects in Canada, filming
in the UK). If implemented, it might paradoxically
hurt Hollywood by limiting access to cost-effective
locations, reducing the likelihood of high-budget
financial epics. Meanwhile, positive market sentiment
in places like Australia could support cinema attendance,
creating opportunities for niche genres if studios
take the risk.
News
Pop
Culture
Landman:
TV Series
Landman
is a TV drama series created by Taylor Sheridan
and Christian Wallace, inspired by the 2019 Texas
Monthly article “The Great American Fracking
Boom” by Wallace. It premiered on Paramount+
on November 17, 2024, and is set in the oilfields
of West Texas, exploring the modern-day oil boom
through the lens of roughnecks, landmen, and billionaires.
The show blends high-stakes drama, workplace dynamics,
and socio-economic commentary, reflecting Sheridan’s
signature gritty storytelling seen in Yellowstone
and Mayor of Kingstown.
Key
Details:
Genre:
Drama
Seasons:
1 (10 episodes, renewed for Season 2)
Episode
Runtime: Approximately 40–60 minutes
Rating:
TV-MA (mature audiences, contains strong language,
violence, and adult themes)
Cast:
Billy Bob Thornton as Tommy Norris, a seasoned landman
navigating crises for an oil company
Demi
Moore as Cami Miller, Tommy’s ex-wife and a
key figure in the oil industry
Ali
Larter as Angela Norris, Tommy’s ex-wife
Jon
Hamm as Monty Miller, a powerful oil titan and Cami’s
husband
Supporting
cast: Jacob Lofland (Cooper Norris), Kayla Wallace
(Rebecca Savage), James Jordan (Dale Bradley), Mark
Collie (Sheriff Joeberg), and others
Creators:
Taylor Sheridan, Christian Wallace
Executive
Producers: Taylor Sheridan, David C. Glasser, David
Hutkin, Ron Burkle, Bob Yari, Christian Wallace,
Billy Bob Thornton, and others
Production
Companies: MTV Entertainment Studios, 101 Studios,
Bosque Ranch Productions
Filming
Locations: Fort Worth, Weatherford, and other Texas
locations
Plot
Summary:
Set
in the fictional town of Midland, Texas, Landman
follows Tommy Norris (Billy Bob Thornton), a crisis
manager and landman for an oil company. His job
involves securing land leases, negotiating with
landowners, and managing chaotic oilfield operations
while balancing personal struggles, including a
strained relationship with his son, Cooper (Jacob
Lofland), who joins the roughneck crew. The series
dives into the high-stakes world of oil speculation,
exploring themes of greed, family, ambition, and
the environmental and social impacts of the oil
industry. It portrays the gritty lives of roughnecks
and the opulent world of oil tycoons, with Tommy
caught between both.
Streaming
and Availability:
Primary
Platform: Paramount+ (exclusive streaming in the
US, UK, Canada, Australia, and other regions) Premiere:
November 17, 2024 (US), November 18, 2024 (UK, Australia)
Release
Schedule: First two episodes dropped on premiere,
followed by weekly releases (finale on January 12,
2025)
Subscription:
Starts at $7.99/month (US, Essential with ads),
£6.99/month (UK), CA$6.99/month (Canada),
$6.99/month (Australia). Offers a 7-day free trial.
Other
Platforms:
Purchase options: Apple TV, Prime Video, Fandango
At Home, Sky Store (UK), Fetch TV (Australia) Available
via Paramount+ integrations (e.g., Amazon Channel,
Roku, Apple TV Channel)
International
Access: Use a VPN (e.g., NordVPN) to access Paramount+
from unsupported regions.
Free
Options: No free streaming options; use Paramount+’s
7-day trial for temporary access.
Reception:
Critical
Response: Mixed to positive reviews. Critics praise
Thornton’s charismatic performance and Sheridan’s
authentic depiction of the oil industry but note
the show’s dense jargon and sprawling narrative
can feel overwhelming. It holds a 79% approval rating
on Rotten Tomatoes (as of April 2025) based on critic
reviews, with an average audience score of 85%.
Viewership:
Strong streaming numbers on Paramount+, reportedly
among the platform’s top-performing originals
in 2024, contributing to the Season 2 renewal.
Notable
Praise: Thornton’s nuanced portrayal and the
show’s cinematic visuals are highlights, though
some find the pacing uneven compared to Sheridan’s
other works.
Season
2 and Future:
Renewal:
Paramount+ renewed Landman for Season 2 in December
2024, with production slated to begin in early 2025.
Expected
Release: Likely late 2025 or early 2026, based on
typical production timelines.
Story
Direction: While specifics are under wraps, Season
2 is expected to deepen Tommy’s personal and
professional conflicts, potentially exploring new
oilfield challenges and character arcs for Cooper
and Cami.
Where
to Watch (as of April 24, 2025):
Paramount+:
Full Season 1 available (all 10 episodes). Best
option for streaming.
Purchase:
Apple TV, Prime Video, Fandango At Home for digital
ownership.
Not
Available: Netflix, Hulu, Disney+, or Hotstar.
Additional
Notes:
Content
Warning: Contains explicit language, violence, and
mature themes (e.g., drug use, workplace accidents),
unsuitable for younger viewers.
Cultural
Impact: The series has sparked discussions on X
about the oil industry’s environmental and
economic effects, with some praising its realism
and others critiquing its portrayal of industry
ethics.
Merchandise/Related
Media: No official merchandise yet, but the original
Texas Monthly article is available online for deeper
context. (Grok)
News
Gold:
Movie
Gold
(2016) is a crime drama inspired by the 1990s Bre-X
mining scandal. Matthew McConaughey stars as Kenny
Wells, a prospector who partners with geologist
Michael Acosta (Édgar Ramírez) to
find gold in Indonesia. After striking it rich,
their success unravels amid fraud and betrayal.
Directed by Stephen Gaghan, the film explores greed
and ambition but received mixed reviews for its
uneven tone and pacing. It grossed $14.8 million
against a $20 million budget. Available on platforms
like Hulu or Amazon Prime (check current listings).
(Grok)
News/Profile
Gold
(1974)
Gold
(1974) is a British thriller directed by Peter R.
Hunt, based on Wilbur Smith's novel Gold Mine. Set
in South Africa, it follows Rod Slater (Roger Moore),
a mining engineer, who uncovers a conspiracy to
flood a gold mine to manipulate global gold prices.
The plot involves corporate greed, sabotage, and
high-stakes action, with Slater racing to stop the
scheme.
Cast:
Roger Moore, Susannah York, Ray Milland, Bradford
Dillman.
Key
Details: 120 min, rated PG, released August 1974
(UK). Filmed on location in Johannesburg, featuring
intense mining scenes.
Reception:
Mixed reviews; praised for action and Moore’s
charisma, criticized for pacing and dated elements.
IMDb rating: 5.7/10.
Availability:
Limited streaming; available for rent/purchase on
platforms like Amazon or on DVD. (Grok)
News
Best
Quotes Of The Day
"Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme."
— Naval Ravikant
"We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error."
— Tyler Winklevoss
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." — John McAfee
"Bitcoin
is the most important invention in the history of
the world since the Internet." — Roger
Ver
"Cryptocurrency
is such a powerful concept that it can almost overturn
governments." — Charles Lee
"In
the future, national currencies will become obsolete.
Bitcoin will become the single global currency."
— Jack Dorsey
"The
future of finance is crypto, whether it’s in
payments, contracts, or savings." — Changpeng
Zhao
"Crypto
offers freedom to the unbanked and hope to the underprivileged."
— Elizabeth Stark
"The
new frontier of innovation is in decentralization.
Blockchain leads the charge." — Don Tapscott
"Digital
currency is here to stay, and it’s only a matter
of how long before governments embrace it."
— Brad Garlinghouse
Cryptos
Today: (Near Live)
May
25, 2025
Sydney, Australia
Bitcoin
$108,974.70 USD +0.73%
Ether $2,546.88 USD +0.03%
Tether $1.01 $1.01 USD +0.01%
XRP $2.35 USD +1.34%
BNB $672.72 USD +1.81%
Solana $177.27 USD +0.67%
USD Coin $1.00 USD +0.14%
Dogecoin $0.2264 USD - 0.89%
Cardano $0.7507 USD -067%
TRON $0.2716 USD -0.95%
Wrapped Bitcoin $108,737.09 USD -1.65%
Cryptocurrency
News
Here’s
a concise roundup of the latest cryptocurrency news
as of May 25, 2025, based on recent developments:
Bitcoin
Hits Record Highs: Bitcoin surged past $112,000,
driven by institutional adoption, strong ETF inflows
($211.7M on May 23), and optimism around the U.S.
Senate’s advancement of the GENIUS Act, a bill
to regulate stablecoins. The rally is fueled by
pro-crypto policies under President Trump, with
analysts predicting potential to reach $150,000
in 2025.
GENIUS
Act Progress: The U.S. Senate voted 66-22 to advance
the GENIUS Act, establishing a regulatory framework
for stablecoins, pegged to assets like the U.S.
dollar. Despite concerns over Trump’s crypto
ventures, the bipartisan support signals a shift
toward formalizing crypto markets.
Trump’s
Crypto Ventures: President Trump hosted a gala for
top holders of his $TRUMP meme coin, which spiked
over 50% after the announcement. However, nearly
43% of the 220 attendees reportedly lost $8.95M
combined, with the coin’s value fluctuating
wildly (peaked at $75, dropped to $8 by April).
Critics highlight ethical concerns and potential
conflicts of interest.
XRP
and Ripple Developments: Ripple’s potential
acquisition of Circle, issuer of the $61B USDC stablecoin,
could boost XRP’s price. South Korean investors
are betting big on XRP, with predictions of reaching
$2.50-$5. BitMEX hinted at XRP-related news that
could impact markets.
Market
Trends: The crypto market cap rose to $3.46T, up
1.2% in 24 hours, with $124B in trading volume.
Ether jumped 6%, while $TRUMP gained nearly 6%.
However, concerns linger about overconfidence leading
to corrections.
Crypto
Mining Tensions: Trump’s push to make the U.S.
a crypto-mining hub faces local backlash due to
noise and environmental concerns, as seen in Seneca
Lake and Niagara Falls.
News
May
23, 2025
Crypto
Climbs Back to January Highs
The
cryptocurrency market added a mere 0.7% in 24 hours,
but an important 5% in seven days to $3.5 trillion.
This increase is important as it falls in the area
of the market peaks reached in December and January.
The
sentiment index jumped to 78, last seen in January,
confirming a similar situation to what we saw earlier
in the year.
Bitcoin
repeated highs on Thursday evening, rising to $111.8k
and pulling back slightly to $110.5k by Friday morning.
The rise was attributed to the advancement of stablecoin
legislation, capital inflows into 12 U.S. ETFs of
about $4.2 billion in May, purchases by Strategy,
which has accumulated more than $50 billion worth
of tokens, and U.S. fiscal concerns. Unlike previous
BTCUSD rallies, the current upward movement is not
solely driven by momentum, but by increased demand
and White House loyalty.
Ethereum
continues to struggle for the 200-day moving average
at $2650. This is also the area of February's protracted
consolidation and the important pivot level from
August to October last year. A break of current
resistance could kick-start a rally to $4000.
The
Democrats have dropped their opposition, and the
Senate will soon consider the Stablecoin legislation.
It would place tighter restrictions on money laundering,
improve consumer protections, and unify business
rules for U.S. and foreign companies.
Fiscal
concerns are weakening the dollar and pushing up
Treasury bond yields. According to Galaxy Digital,
it is becoming increasingly dangerous to invest
in a country with such huge debts. Investors are
looking for alternatives and are finding them in
Bitcoin. No wonder the paths of BTCUSD and the S&P
500 have diverged. (FxPro)
News
Best
Quotes Of The Day
"Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme."
— Naval Ravikant
"We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error."
— Tyler Winklevoss
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." — John McAfee
"Bitcoin
is the most important invention in the history of
the world since the Internet." — Roger
Ver
"Cryptocurrency
is such a powerful concept that it can almost overturn
governments." — Charles Lee
"In
the future, national currencies will become obsolete.
Bitcoin will become the single global currency."
— Jack Dorsey
"The
future of finance is crypto, whether it’s in
payments, contracts, or savings." — Changpeng
Zhao
"Crypto
offers freedom to the unbanked and hope to the underprivileged."
— Elizabeth Stark
"The
new frontier of innovation is in decentralization.
Blockchain leads the charge." — Don Tapscott
"Digital
currency is here to stay, and it’s only a matter
of how long before governments embrace it."
— Brad Garlinghouse
Markets
and Cryptos
May
21, 2025
Sydney, Australia
Markets
ASX
futures up 47 points/0.6% to 8416
AUD -0.6% at US64.18¢
Bitcoin +1.3% to $US106,932
Dow -0.4%
S&P -0.5%
Nasdaq -0.5%
Gold +2.0% to $US3294.01 an ounce
Oil +0.2% at $US65.64 a barrel
Iron ore +0.1% at $US99.50 a ton
Cryptos
Today:
Bitcoin
$107,158.55 USD +1.71%
ETH $2,522.35 USD +0.31%
Tether $1.00 USD +0.16%
XRP $2.36 USD -0.60%
BNB $651.14 USD +0.39%
Solana $168.56 USD +2.17%
USD Coin $1.00 USD +0.11%
Dogecoin $0.2262 USD +0.90%
Cardano $0.7435 USD +0.26%
TRON $0.2699 USD +1.74%
Wrapped Bitcoin $106,517.38 USD +1.24%
News
Bitcoin
News
Price
Surge and Volatility: Bitcoin recently broke above
$107,000, with posts on X indicating a high of $107,000
on May 21, 2025, after trading around $106,000.
It has since pulled back slightly, trading at approximately
$104,830 as of May 19, 2025. Earlier this year,
Bitcoin experienced a 19% drop in the first four
months, followed by a strong recovery, with a 38%
gain over the past year, outperforming traditional
investments like gold, stocks, and bonds, according
to Russia’s Central Bank. Analysts suggest
Bitcoin is nearing its all-time high of $108,786
from January 2025, with resistance around $108,000
being a key level to watch.
Optimistic
Price Predictions: Analysts are bullish on Bitcoin’s
2025 trajectory. Some forecasts include:
A “reasonable” target of $220,000 to $250,000,
driven by Bitcoin’s correlation with gold price
movements and institutional adoption.
A
bold prediction of $500,000 to $1 million by Blockstream
CEO Adam Back, citing undervaluation and market
inflows.
A
potential $20 trillion market cap by 2030 if Bitcoin
continues to be viewed as “digital gold.”
Coinpedia
projects a 2025 high of around $168,000, fueled
by ETF inflows and institutional interest.
Institutional
Adoption:
JPMorgan Chase, despite CEO Jamie Dimon’s skepticism,
now allows clients to buy Bitcoin, marking a shift
toward mainstream acceptance.
U.S.
spot Bitcoin ETFs saw $2.8 billion in net inflows
in May, with total assets exceeding $122 billion,
indicating strong institutional demand.
Arizona
enacted a law to establish a Strategic Bitcoin Reserve,
with other U.S. states potentially following, which
could drive sustained price growth.
Companies
like Metaplanet in Japan have significantly increased
Bitcoin holdings, with 6,796 BTC as of May 12, 2025,
contributing to bullish sentiment.
Market
Dynamics and Mining:
Bitcoin’s network hashrate reached 831 EH/s
by May 1, 2025, up 77% from 2024 lows, despite post-halving
profitability challenges. The 2024 halving reduced
block rewards to 3.125 BTC, pushing miners to optimize
efficiency and cut energy costs.
Bitcoin’s
dominance in the crypto market is high, signaling
strong investor preference for BTC during bull runs.
Trump’s
Crypto Ventures: The Trump family’s involvement
in crypto has expanded, including a $TRUMP meme
coin, a Bitcoin mining operation called American
Bitcoin, and a stablecoin (USD1). These ventures,
alongside potential deregulation, are seen as influential
but controversial due to conflicts of interest.
Market
Sentiment and Risks:
While ETF inflows and institutional moves fuel optimism,
analysts warn of potential short-term pullbacks
due to “upside exhaustion” and correlations
with equities.
Over
$600 million in crypto positions were liquidated
during a recent surge past $106,000 and subsequent
drop to $103,000, highlighting volatility risks.
Global
Developments:
Russia’s Central Bank notes growing crypto
adoption in Moscow, with Bitcoin’s 40% return
in 2025 outpacing traditional assets.
In
El Salvador, ties between Trump’s commerce
chief and Tether/Bitfinex are under scrutiny, raising
questions about crypto’s political influence.
(Grok)
News
Neither
the US rating nor Coinbase's problems hurt Bitcoin
Moody's
US credit rating downgrade spooked Bitcoin, but
not for long. According to HSBC, the recent trade
truce between Washington and Beijing changed the
game. It has permanently raised global risk appetite,
allowing digital assets to flourish. Could the loss
of the States' latest top rating stop the BTCUSD
bulls? As it turns out, no.
Bitcoin
is being driven upwards by a crowd of retail investors,
who are also driving the US stock market. Small
players don't care that the US economy is slowing
down, and the Fed is not going to cut rates. Traders
are buying the S&P 500 and digital assets simply
because they are rising. At the same time, Morgan
Stanley's recommendation to buy the dips in stock
indices is adding fuel to the fire of the rally
in stocks and BTC.
Traders
are not particularly concerned about the fact that
as Bitcoin grows, the number of fraudulent transactions
increases. For example, criminals fraudulently gained
access to Coinbase's customer base and demanded
a ransom of $20M for silence. Binance and Kraken
also fell victim to the attack but managed to protect
themselves. In February, Bybit was hacked, and $1.5B
worth of cryptocurrency was stolen, the largest
crypto theft in history.
Meanwhile,
Donald Trump continues to popularise digital assets
by announcing a dinner party for holders of the
TRUMP coin. Its value skyrocketed in the first few
days of circulation but has since drastically fallen.
White House representatives do not see any conflict
of interest in the fact that the US president makes
money in the industry that he promotes.
Further
dynamics of BTCUSD will depend on changes in global
risk appetite. As the downgrade of the US credit
rating showed, fans of risky assets in general and
Bitcoin in particular are hard to scare. If the
resistance at 107K is broken, there are more chances
to restore the uptrend. (FxPro)
News
Rating
downgrade didn’t spook US markets, but the
fundamental picture is deteriorating
US
indices reacted swiftly to Moody's top US credit
rating downgrade. On previous occasions of similar
decisions (in August 2011 by S&P Global and
in August 2023 by Fitch), the markets showed a multi-day
decline of about 10% and continued the downtrend
over the following two to three months. It should
be noted that additional negative factors contributed
to the markets' decline at that time.
This
time, the situation turned out to be different:
the comments of the US authorities' representatives
about the lateness of the decision contributed to
the market recovery. Investors promptly bought back
the 1.5% drawdown, which allowed the Nasdaq 100
and S&P 500 indices to renew their two- and
three-month highs.
Technical
analysis on weekly charts shows positive dynamics.
Last week, the S&P 500 and Nasdaq 100 indices
broke above their 50-week moving average, developing
a rebound from the area near the 200-week average
from early April. Both indices need to rise a little
more than 3% to return to all-time highs, which
does not align with pessimistic expectations from
trade wars.
On
the other hand, such a rise makes stocks more expensive.
We recognise the potential damage to global trade
due to tariffs that create barriers, hindering the
expansion of US companies.
Compared
to conditions before ‘Liberation Day,’
stocks look more overvalued. A recovery amid a deteriorating
fundamental picture inspires confidence in making
new highs, but be prepared for possible market lethargy
at levels above 6000 on the S&P 500 and 22000
on the Nasdaq 100, as well as an increased frequency
of corrective pullbacks. (FxPro)
News
DAX40
and FTSE100 outperform the S&P500, rejecting
economists' pessimism
Tariff
wars have increased the legitimacy of stimulus measures
in Europe and Asia. Since the start of the year,
the ECB and Bank of England have been aggressively
cutting rates against the Fed's continued rate hikes.
The People's Bank of China made a small, 0.1 percentage
point cut on Tuesday morning. Earlier this year,
Germany announced an $800 billion package of support
for the economy, abandoning a tight budget framework,
contrasting with the mood for budget deficit reduction
in the United States.
Germany's
DAX40 hit all-time highs on Monday. The German market
is feeling the envy of its peers, trading in the
24000 area, nearly 28% above the early April lows.
The FTSE100 is less than 2% off its peaks set in
early March. This has been achieved, contrary to
the more than 8% strengthening of the pound and
euro against the dollar since the start of the year
and is indicative of the strength of Europe's markets
against the US. This is a higher rate of growth
in the case of the DAX and a stronger recovery in
the case of the FTSE.
Stimulus
measures from Europe and China are working like
a rising tide, boosting the overall level of equities.
Should the US enter the stimulus race through Fed
policy easing, this would spur the S&P 500 and
Nasdaq 100 higher, but it would be just as objectively
positive for Europe and Asia.
The
market dynamics in Germany and the UK starkly contrast
with the sentiment and outlook of economists in
light of the trade wars. It is not uncommon to see
markets one step ahead of the economic consensus,
but that makes it no less interesting to see if
markets can thrive against forecasters' pessimism.
(FxPro)
News
Best
Quotes Of The Day
"Bitcoin
is a tool for freeing humanity from oligarchs and
tyrants, dressed up as a get-rich-quick scheme."
— Naval Ravikant
"We
have elected to put our money and faith in a mathematical
framework that is free of politics and human error."
— Tyler Winklevoss
"You
can't stop things like Bitcoin. It will be everywhere,
and the world will have to readjust. World governments
will have to readjust." — John McAfee
"Bitcoin
is the most important invention in the history of
the world since the Internet." — Roger
Ver
"Cryptocurrency
is such a powerful concept that it can almost overturn
governments." — Charles Lee
"In
the future, national currencies will become obsolete.
Bitcoin will become the single global currency."
— Jack Dorsey
"The
future of finance is crypto, whether it’s in
payments, contracts, or savings." — Changpeng
Zhao
"Crypto
offers freedom to the unbanked and hope to the underprivileged."
— Elizabeth Stark
"The
new frontier of innovation is in decentralization.
Blockchain leads the charge." — Don Tapscott
"Digital
currency is here to stay, and it’s only a matter
of how long before governments embrace it."
— Brad Garlinghouse
News,
Markets, Energy, Politics and Culture - Australia,
US and World
Markets
May
20, 2025
Australian
Dollar: $0.6456 USD (up $0.0060 USD)
Iron Ore June Spot Price (SGX): $99.45 USD (down
$0.25)
Oil Price (WTI): $62.71 USD (up $0.22)
Gold Price: $3,230.61 USD (up $29.39)
Copper Price (CME): $4.6640 USD (up $0.0725)
Bitcoin: $105,357.30 USD (up 1.04%)
Dow Jones: 42,792.07 (up 137.33 points)
News
Big
tech is back after a brutal reality check, but will
the rally last?
Wall
Street's so called magnificent seven tech companies
have recovered strongly from the hit they took when
US President Donald Trump annnounced his 'Liberation
Day' tariff splurge on 2 April. They are now up
28 per cent on their April lows, beating the S&P
500 Index, which has returned 19 per cent in the
same period. Nick Griffin from Munro Partners is
one investor that is confident that US big tech
will continue its recovery in the second half of
the year, with Griffin claiming that companies like
Amazon and Meta are a safer investment than US Treasuries.
(RMR)
News
Judge
queries Qantas outsourcing 'remorse'
The
Federal Court has commenced a hearing to determine
the financial penalty Qantas will pay for illegally
outsourcing the jobs of ground-handling workers
in October 2020. The Transport Workers' Union wants
the court to impose the maximum fine of $121m; the
union's barrister, Noel Hutley SC, told the court
that the outsourcing was the "largest ever"
breach of the general protection provisions of the
Fair Work and previous industrial relations legislation.
Qantas's chief people officer Catherine Walsh told
the court that she was "deeply sorry"
about the outsourcing, even though it occurred before
she joined the airline; Justice Michael Lee responded
by noting that Qantas had argued that the affected
workers should not be entitled to compensation.
(RMR)
News
Telstra's
Brady to face grilling over returns
Telstra
will hold its investor day in Sydney on 27 May,
with its shareholders wanting to see evidence that
the telco is increasing returns on invested capital
(ROIC). Telstra has conceded it needs to improve
ROIC and is investing in artificial intelligence
to become more efficient; its ROIC was at eight
cent in the six months to December 31, up from 6.8
per cent in the same period a year earlier. Hugh
Giddy from Investors Mutual, which owns around $200
million worth of Telstra shares, says that to improve
its returns, the telco must raise the prices it
charges its wholesale customers – and
ensure the increases are passed onto consumer. (Roy
Morgan Summary)
News
Gaming
M&A
deals on the cards for Light & Wonder
Light
& Wonder CEO Matt Wilson says the gaming group
is looking at more acquisitions at a time when it
is considering if its future lies as a company listed
solely on the ASX, or on both the Nasdaq and the
ASX. Light & Wonder acquired the charitable
gaming assets of Grover Gaming and G2 Gaming in
February under a deal worth $US850 million ($1.3
billion), while Wilson says it is looking at possible
acquisitions in class II gaming, a term used to
refer to games such as Bingo that are played for
prizes. (RMS)
News
Personal
motive for Ainsworth family's $50m gift
Roy
Morgan Summary
The
Ainsworth family has donated $50 million to the
University of NSW to establish the Ainsworth Endometriosis
Research Centre; endometriosis is a chronic disease
that impacts up to one in seven women. Lily Ainsworth,
the granddaughter of Aristocrat Leisure founder
Len Ainsworth, suffers from the condition, as does
her mother Anna; Lily Ainsworth says she has endured
endometriosis pain since she was 15. Endometriosis
occurs when tissue that is similar to the inner
lining of the uterus grows outside the uterus, and
it causes pain, inflammation and scarring, and can
impact fertility. (RMS)
News
Lachlan
Murdoch's Nova under scrutiny for not lodging accounts
Owned
by billionaire media mogul Lachlan Murdoch for more
than a decade, Nova Entertainment owns the Australian
radio brands Smooth FM and Nova. It has been under
scrutiny from the Australian Taxation Office for
more than a year, while earlier this year, it admitted
it had failed to file more than 40 annual account
statements with the Australian Securities &
Investments Commission over 15 years. Nova's latest
accounts reveal that it had revenue of $187.8 million
in 2024, up from $185.9 million the year before;
it posted a profit of $24.1 million, down from $27.9
million. (RMS)
News
MinRes
lands new chair with $8.3m carrot
Iron
ore and lithium producer Mineral Resources has appointed
Malcolm Bundey to succeed executive chairman James
McClements. Bundey's remuneration will include an
annual salary of $750,000 in cash and shares, plus
780,000 stock options that will vest over three
years; Bundey could potentially gain about $8.3m
over this period if he succeeds in turning around
the company. Jeffrey Jackson from shareholder advisory
group Open Engagement has questioned the options
component, noting that stock-based remuneration
is usually reserved for a company's executives rather
than directors. Bundey's lack of experience in the
mining sector may also attract scrutiny. (RMS)
News
New
Hope's boom over as coal price slump hits sales
New
Hope Corporation's shares fell 7.1 per cent to $3.65
on Monday, after the coal miner posted underlying
earnings of $155.2m for the three months to 30 April;
this is 27 per cent lower than previously. New Hope
received an average of $US147.50 per tonne for its
thermal coal during the quarter, compared with $US159
per tonne in the previous quarter; the price of
thermal coal had peaked at $US432.45 per tonne in
2022. Meanwhile, the company expects full-year production
to be within the range of 15.93 million to 17.45
million tonnes, which is three per cent higher than
previously. (RMS)
News
Perenti's
Barminco inks $500m Agnew underground contract renewal
with Gold Fields
Barminco
has secured a $500 million contract renewal with
Gold Fields to continue its underground mining work
at Gold Field's Agnew mine near Leinster in Western
Australia. Barminco, which is the underground mining
services division of Perenti, has been working underground
at Agnew since 2010, and currently employs around
300 people there. Barminco's new contract with Gold
Fields will run for three years, with the option
of an additional year, while Agnew produced 229,500
ounces of gold in 2024, compared to 244,900oz. (Roy
Morgan Research)
News
World
Headline News
Gaza
Crisis: The first aid trucks have entered Gaza after
nearly three months of Israel’s blockade, but
allies are threatening sanctions and urging more
aid. Israel announced "Operation Gideon's Chariots,"
a new ground offensive, while stating it will allow
a "basic amount of food" to prevent a
hunger crisis.
Ukraine-Russia
Conflict: Russia launched its largest drone attack
on Ukraine, deploying 273 drones, ahead of a call
between U.S. President Donald Trump and Russian
President Vladimir Putin aimed at stopping the "bloodbath."
Trump later backed off a direct meeting with Putin,
pushing for Ukraine-Russia talks, but peace negotiations
show little progress.
UK-EU
Relations: The UK and EU struck a post-Brexit "reset"
deal, including a defense partnership and reduced
trade barriers. Discussions also cover fishing rights,
youth schemes, and UK access to EU passport e-gates.
Romanian
Election: Liberal mayor Nicusor Dan won Romania’s
presidency, defeating a right-wing nationalist in
a tense race amid political turbulence.
Papal
Inauguration: Pope Leo XIV called for unity at his
inaugural Mass, attended by world leaders including
Ukraine’s Volodymyr Zelensky. He offered to
host peace talks for Ukraine.
Mexican
Navy Incident: A Mexican navy ship crashed into
the Brooklyn Bridge during a celebration of Mexico’s
independence, killing two sailors and injuring 22.
U.S.
Terrorism Incident: A bombing at a Palm Springs
fertility clinic, deemed an "intentional act
of terrorism," killed one person. The FBI has
a person of interest, possibly the deceased.
These
stories reflect major global events as of May 20,
2025. (Grok)
News
Pop
Culture/Pro Wrestling: WWE
May
19, 2025 (South Carolina, USA)
Red
Hot WWE RAW On Netflix
Paul
Heyman Guys aka 'Trifecta Of Terror'
Jey Uso vs Bron Breakker; Warm Up For Uso To Face
Lon Paul at Saturday Night's Main Event This Weekend!
Phenomenal
Penta Tag Team Match - Penta and Styles vs Judgement
Day
Australia's
Rhea Ripley Progresses In Women's Money In The Bank
Qualifiers; Stark gets legit injury off missile
dropkick attempt
Judgment
Day: Rozanne Perez Gifts Chicken Tenders For Dom
and Apples For Carlito!
Aussie
Grayson Waller Cops Beating By Sheamus, Waller's
tagteam partner Austin Theory Laughs And Grin To
Grin at Waller's fall!
Aussie
Tsunami Bronson Reed Continues To Post On X With
Rehab Of Leg And Foot Recovery re leap of top of
cage month ago at Survivor Series: WarGames.
News
Movie
Box Office (US)
May
18, 2025
1.
Final Destination: Bloodlines - $51m
2. Thunderbolts* - $16.5m
3. Sinners - $15.4m
4. A Minecraft Movie - $5.9m
5. The Accountant 2 - $5m
6. Hurry Up Tomorrow - $3.3m
7. Friendship - $1.4m
8. Clown in a Cornfield $1.3m
9. Until Dawn - $800,000
10. The Amateur - $712,000
*correct
at time of publication to best of knowledge
News
Best
Quotes
Mining
Mining
is the art of exploiting mineral deposits at a profit.
An unprofitable mine is fit only for the sepulcher
of a dead mule.
Don't
die without mining the gold in your mind.
Anyone
can find the dirt in someone. Be the one that finds
the gold.
Praise
like gold and diamonds, owes its value only to its
scarcity.
Make
new friends, but keep the old; Those are silver,
these are gold.
Everything
has its limit - iron ore cannot be educated into
gold.
The
desire of gold is not for gold. It is for the means
of freedom and benefit.
Best
Quotes
News
News
from afar is seldom sooth."
"A
reporter is always concerned with tomorrow. There's
nothing tangible of yesterday."
"If
you don't read the newspaper, you're uninformed."
"News
is something somebody doesn't want printed; all
else is advertising."
"TV
news has no intention of suggesting that any story
has any implications, for that would require viewers
to continue to think about it when it is done and
therefore obstruct their attending to the next story."
Cryptos
and Markets
Cryptos
Cryptos
Today: (Near Live)
May
19, 2025
Sydney, Australia
Bitcoin
$104,266.52 USD +0.52%
ETH $2,421.78 USD -3.18%
Tether $1.00 USD -0.41%
XRP $2.39 USD +1.05%
BNB $644.71 USD -0.00%
Solana $168.47 USD +0.54%
USD Coin $1.00 USD -0.13%
Dogecoin $0.2251 USD +3.48%
Cardano $0.7427 USD -0.85%
TRON $0.2662 USD -2.40%
Wrapped Bitcoin $104,441.92 USD +0.75%
News
XRP
News
Price
Movement: XRP is trading around $2.40-$2.55, with
a recent peak at $2.65 on May 14, 2025. It’s
up over 366% in the past year but dipped 1.6% recently
due to market consolidation and legal uncertainties.
Analysts suggest a potential rally to $3.00 if it
breaks the $2.72 resistance, supported by bullish
indicators like RSI and low exchange inflows. Some
predict explosive growth to $5.90, $15, or even
$123 based on technical patterns, though these are
speculative.
SEC
vs. Ripple Lawsuit: The ongoing legal battle with
the SEC remains pivotal. On May 15, Judge Analisa
Torres rejected a joint SEC-Ripple motion to amend
a prior settlement due to procedural issues, leaving
the case in limbo. Despite this, Ripple’s legal
chief confirmed XRP’s non-security status remains
intact. A $50 million settlement was briefly finalized,
but renewed scrutiny and the SEC’s push to
lift restrictions on institutional XRP sales have
stirred uncertainty. A resolution could pave the
way for XRP-spot ETF approvals.
ETF
Speculation: Hopes for an XRP-spot ETF have driven
price surges, with filings from firms like 21Shares,
Bitwise, and Franklin Templeton. However, BlackRock’s
silence after SEC talks and a delayed decision on
Solana ETFs (with XRP ETF deadlines looming in June)
have tempered optimism. Experts warn an ETF might
not fully align with XRP’s utility-driven adoption.
Market
and Adoption: XRP hit $1.2 billion in daily trading
volume in South Korea, surpassing Bitcoin and Ethereum.
Ripple’s technological advancements include
EVM sidechains for blockchain interoperability and
shared MPC wallets for secure custody. President
Trump’s endorsement of XRP as a potential strategic
reserve currency and Missouri’s crypto tax
break law have fueled bullish sentiment. Ripple’s
acquisition of Hidden Road could lock up 5% of XRP’s
circulating supply, potentially driving prices to
$5-$15 short-term.
Futures
and IPO Buzz: The CME Group is set to launch XRP
futures today, May 19, 2025, a move seen as a step
toward institutional adoption and potential ETF
approval. Speculation about a Ripple IPO, possibly
valuing the company at $100 billion, continues to
grow, with SBI Holdings noting XRP in escrow won’t
count toward valuation until the IPO.
Community
Sentiment: XRP’s community is optimistic, with
commentators like “J4b1” calling May 19
a potentially historic day, possibly tied to the
futures launch or legal developments. However, claims
of a finalized SEC settlement by May 19 appear unverified.
Posts on X highlight excitement but also speculative
narratives, like BlackRock buying XRP, which lack
confirmation.
Critical
Note: While bullish projections abound, some analysts
caution that historical patterns may not hold, and
regulatory hurdles could persist. Always verify
claims, especially from X posts, as they can be
speculative or misleading. For the latest, check
trusted sources or monitor Ripple’s official
channels. (Grok)
News
Dogecoin
News
Price
Movements and Market Performance: Dogecoin has shown
significant volatility, with a recent 48.7% surge
over the past month, trading around $0.223 as of
May 18, 2025. It reached a high of $0.248 in early
May but faced a slight pullback, consolidating near
$0.22–$0.23. Analysts suggest a potential breakout
above the $0.25–$0.26 resistance could spark
a new bull run, with price targets ranging from
$0.30 to $0.70 in the next 30 days, and some optimistic
forecasts eyeing $1 in 2025. However, a "death
cross" on technical charts indicates midterm
bearish risks, making the $0.21 support level critical.
Whale
Accumulation: On-chain data reveals that Dogecoin
whales have accumulated over 1 billion DOGE in the
past month, signaling strong confidence in future
price gains. This activity, coupled with an 800%
surge in daily active addresses (reaching 674K,
the highest since November 2024), suggests robust
network engagement and potential for an explosive
price move if support holds.
ETF
Speculation: Enthusiasm is growing around four Dogecoin
ETF applications under SEC review, including one
from 21Shares in partnership with the Dogecoin Foundation.
Bloomberg analysts estimate a 75% chance of approval
in 2025, which could drive mainstream adoption and
price growth. This news contributed to a 528% spike
in active addresses on May 13, from 74,640 to 469,477.
Network
and Ecosystem Developments: The Dogecoin Foundation
is pushing for broader adoption through DogeOS,
an app layer for gaming, AI, and DeFi, backed by
$6.9 million in investment. This aims to transform
Dogecoin from a meme coin to a utility-driven asset,
potentially supporting its $100 billion market cap
goal.
Market
Sentiment and Speculation: Posts on X reflect bullish
sentiment, with unverified claims of PayPal accepting
Dogecoin payments circulating, though these lack
confirmation. Additionally, Dogecoin’s futures
open interest surged from $989 million to $1.62
billion, indicating heightened speculative trading.
Some analysts warn of overheating risks, but others
see room for growth before a cycle top.
Cautions
and Risks: Dogecoin creator Billy Markus warned
about a potential asset bubble that could crash
the global economy, though specifics were vague.
Geopolitical tensions and trade policy shifts continue
to influence crypto markets, adding uncertainty.
The coin’s volatility and reliance on speculative
momentum remain concerns. (Grok)
News
Bitcoin
Movie News
Michael
Saylor’s $40BN Bitcoin Bet: The Financial Times
released a documentary exploring Michael Saylor’s
bold corporate investment in Bitcoin, highlighting
his journey from corporate strategy to crypto prominence.
Posts on X indicate strong interest, describing
it as a must-watch for Bitcoin enthusiasts.
Everyone
Is Lying To You For Money: Set to premiere at SXSW
London in June 2025, this crypto-skeptical documentary
features interviews with former FTX and Celsius
CEOs, Sam Bankman-Fried and Alex Mashinsky, and
examines El Salvador’s Bitcoin adoption under
President Nayib Bukele.
Crypto
Man: A South Korean crypto-themed film based on
true events, slated for release in January 2025,
was in post-production as of December 2024.
Satoshi
Nakamoto Film: Directed by Sophia Banks, this upcoming
feature film, based on Andrew O’Hagan’s
“The Satoshi Affair,” will explore the
mystery of Bitcoin’s enigmatic creator.
Ross
Ulbricht Documentary: Filmmakers Jonah Tulis and
Blake J. Harris are nearing completion of a documentary
featuring over 60 hours of interviews with Ross
Ulbricht, the pardoned Silk Road founder, focusing
on his life and the platform’s role in popularizing
Bitcoin.
Biggest
Heist Ever: Netflix’s 2024 documentary details
the 2016 Bitfinex hack by Ilya Lichtenstein and
Heather Morgan, who laundered $4.5 billion in Bitcoin,
dubbed “Bitcoin’s Bonnie and Clyde.”
Aimy
in a Cage: This 2015 dystopian horror film, adapted
from a graphic novel, was the first movie fully
funded by Bitcoin, allowing director Hooroo Jackson
to maintain creative control.
Cold
Wallet: A 2025 thriller about cryptocurrency fraud,
presented by Steven Soderbergh, has been praised
for its suspenseful take on a home invasion tied
to crypto.
These
projects reflect growing cinematic interest in Bitcoin’s
cultural, financial, and criminal dimensions.
News
Best
Quotes Of The Day
“Trading
Bitcoin is like trading Apple, Amazon, Google, or
Facebook a decade ago. The more you obsess over
timing the market, the more mistakes you make. They
were all technology networks that were dominant
& destined to grow.” - Michael Saylor,
Former CEO of MicroStrategy
"Whereas
most technologies tend to automate workers on the
periphery doing menial tasks, blockchains automate
away the center. Instead of putting the taxi driver
out of a job, blockchain puts Uber out of a job
and lets the taxi drivers work with the customer
directly." - Vitalik Buterin, Co-Founder of
Ethereum
"The
Latin American countries where you have this combination
of inflation or hyperinflation cycles – deflation
as well – and then you have very high friction
for financial transactions, a high percentage of
people who are unbanked, cryptocurrencies make total
sense." – Fred Thiel, CEO of Thiel Advisors
& Marathon Digital Holdings
“…we
know gold is a $12 trillion asset, bitcoin’s
about a 10th of gold. Could they be half of gold?
At one point, Sure, it could … And at some
point, it will be larger than gold… that money
is finding its way to Gen Z and Millennials, and
they feel much more comfortable with digital gold
than old clunky gold.” - Mike Novogratz, CEO
of Galaxy Digital
“If
you don't believe me or don't get it, I don't have
time to try to convince you, sorry.” - Satoshi
Nakomoto, Founder of Bitcoin
Markets
ASX
futures down 7 points/0.1% to 8360 on Sat
Australian
dollar +0.1% to 64.10 US cents
Wall
Street:
S&P 500 +0.8%
Dow Jones +0.7%
Nasdaq +0.5%
Europe:
Stoxx 50 +0.3%
FTSE +0.6%
DAX +0.3%
CAC +0.4%
Bitcoin
+0.9% to $US104,244
Spot
gold -1.1% to $US3203.65 per ounce on Saturday
US
oil +1.4% to $US62.49 a barrel on Saturday
Brent
crude oil +1.4% to $US65.41 a barrel on Saturday
Iron
ore -1.5% to $US99.70 per ton (Singapore 62% grade)
10-year
yield:
US 4.48%
Australia 4.45%
Germany 2.59%
News,
Markets, Comms and Culture
May
15, 2025
Sydney,
Australia
Markets
Australian
Dollar: $0.6420 USD (down $0.0050 USD)
Iron Ore June Spot Price (SGX): $101.70 USD (up
$2.10 )
Oil Price (WTI): $62.89 USD (down $0.74)
Gold Price: $3,179.41 USD (down $72.13)
Copper Price (CME): $4.6435 USD (down $0.0650)
Bitcoin: $103,541.08 USD (down 0.93%)
Dow Jones: 42,051.06 (down 89.37 points)
News
Australia
Miners,
energy help ASX to sixth day of gains
The
Australian sharemarket posted a modest gain on Wednesday,
with the S&P/ASX 200 adding 0.1 per cent to
close at 8,279.6 points. Fortescue was up 2.2 per
cent at $16.97, Woodside Energy rose 3.4 per cent
to $22.31 and the Commonwealth Bank firmed 0.8 per
cent to end the session at $167.50. However, Insignia
Financial shed 15.8 per cent to finish at $3.37
and Aristocrat Leisure was down 8.9 per cent at
$62.10. (Roy Morgan Summary)
News
Media
CNN
and Fox take on their own legacies with new streaming
services
Fox
Corporation is set to launch its third streaming
service in the US. Fox One will feature content
from across the media group's operations, including
news, sport and entertainment. It will complement
Fox Corp's existing Fox Nation streaming news channel
and Tubi, a free advertising supported general entertainment
streaming platform. Meanwhile, Warner Bros Discovery-owned
CNN plans to launch a news streaming service that
will be bundled with subscriptions to http://cnn.com.
Fox Corp and CNN are both confident that their new
streaming products will not cannabilise the customer
base for their cable TV services. (RMS)
News
Rio
shows we must invest in green iron: Fortescue boss
Rio
Tinto recently advised that the iron content of
its flagship 'Pilbara Blend Fines' product will
be downgraded by nearly one percentage point, to
60.8 per cent; BHP had previously reduced the iron
content of two iron ore products in 2024. Fortescue
CEO Dino Otranto says the trend underlines the need
for Australia to invest in more domestic refining,
in order to produce higher-grade iron ore. Otranto
has indicated that Fortescue is on track to finish
construction of a green iron plant at its Christmas
Creek iron ore hub and produce commercial quantities
of green iron by the end of 2025. (Roy Morgan Summary)
News
Beware
the rally in iron ore above $US100, it might not
last
The
iron ore price has peaked at more than $US101 per
tonne in Singapore trading on Wednesday, which is
its highest level in about six weeks. Factors such
as the easing of trade tensions between the US and
China have bolstered the price of the steel input,
although market watchers say the rebound is unlikely
to be sustained. Headwinds include steel production
cutbacks in China and a looming increase in global
iron ore supply as new projects in Africa start
to commence shipments. (RMS)
News
Core
Lithium plan to revive mothballed Finniss
Perth-based
Core Lithium has advised that it may resume operations
at its Finniss mine in the Northern Territory. The
mine was placed in 'care and maintenance' mode in
2024, in response to a sharp downturn in the price
of lithium. Core hopes a plan to significantly reduce
mining and processing costs at Finniss, while also
boosting productivity, will enable the mine to reopen.
CEO Paul Brown says the quality of the Finniss deposit
and its proximity to the Port of Darwin gives it
an advantage over rival lithium mines in Western
Australia. (RMS)
News
Australian
Mining News
WA
Mining Conference and Exhibition: Scheduled for
October 8–9, 2025, in Perth, this event will
focus on critical minerals, mine waste management,
and innovative technologies shaping the industry’s
future. It aims to be a key platform for networking
and industry insights.
Global
Resources Innovation Expo (GRX25): Set for May 20–22,
2025, in Brisbane, GRX25 will feature industry leaders
like Owen Hegarty, discussing transformation and
sustainability in mining.
Carbine
Resources: The company secured a 21-year mining
lease for its Muchea West silica sand project in
Western Australia, marking a significant milestone.
Federal
Government Cabinet: Following the re-election of
Prime Minister Anthony Albanese, the new cabinet
has been welcomed by mining bodies. The government
is pushing the Critical Minerals Production Tax
Incentive (10% refundable tax offset for processing
31 critical minerals) and a Hydrogen Production
Tax Incentive ($2/kg for renewable hydrogen).
Prospect
Awards 2025: Nominations are open for the Australian
Mining Prospect Awards, recognizing excellence in
safety, occupational health, and industry leadership.
Legacy
Minerals: The company is advancing the Nico Young
nickel-cobalt project in New South Wales, leveraging
prior work by Jervois Global to reduce costs and
accelerate development.
Rio
Tinto’s Winu Project: Rio Tinto and Sumitomo
Metal Mining signed final joint venture agreements
for the Winu copper-gold project in Western Australia’s
Great Sandy Desert.
Sibanye-Stillwater:
The company reported a 92% increase in zinc production
(25,000 tonnes) at its Century zinc retreatment
operation in Queensland for the March 2025 quarter,
with a feasibility study for the Mt Lyell copper
mine in Tasmania due by late 2025.
Tivan’s
Speewah Fluorite Project: Tivan formed a joint venture
with Sumitomo Corporation, supported by a $5.3 million
investment and government funding, to develop Australia’s
first fluorite operation in Western Australia.
Hillgrove
Resources: The Kanmantoo copper mine in South Australia
produced 811 tonnes of copper in April, with annual
guidance set at 12,000–14,000 tonnes for 2025.
Critical
Minerals and Sustainability: Australia’s mining
sector is poised to lead in the global energy transition,
with growing demand for critical minerals and a
focus on innovation and sustainable practices.
Queensland
Mining Coroner: Wayne Pennell was appointed Queensland’s
first mining and resources coroner to investigate
fatalities and address a backlog of inquests, enhancing
safety accountability.
Social
Media Sentiment: Posts on X highlight ongoing exploration
(e.g., Verity Resources’ Monument Gold Project)
and acquisitions (e.g., Terra Metals’ Dante
Project expansion), reflecting active industry momentum.
However, a 119% mining rate hike by a Goldfields
council has sparked concern among local explorers.
(Grok)
News
Pop
Culture/Entertainment
Media
Movies
Network
(1976) - Directed by Sidney Lumet, this satirical
drama follows a TV network exploiting a deranged
anchor’s rants for profit, highlighting media
sensationalism. Stars Faye Dunaway and Peter Finch.
Nightcrawler
(2014) - A thriller by Dan Gilroy about a drifter
(Jake Gyllenhaal) who becomes a freelance crime
journalist, blurring ethical lines for fame. It’s
a sharp critique of modern media’s vulture-like
tendencies.
Zodiac
(2007) - Directed by David Fincher, this film chronicles
a cartoonist-turned-detective’s obsession with
the Zodiac Killer, exploring media’s role in
public fear and fascination.
Citizen
Kane (1941) - Orson Welles’ classic traces
the life of a newspaper magnate, loosely based on
William Randolph Hearst, examining media power and
personal ambition.
Sweet
Smell of Success (1957) - A biting satire about
a ruthless press agent and a powerful columnist,
showcasing media manipulation with sharp dialogue.
News
Gold:
Movie
Gold
(2016) is a crime drama inspired by the 1990s Bre-X
mining scandal. Matthew McConaughey stars as Kenny
Wells, a prospector who partners with geologist
Michael Acosta (Édgar Ramírez) to
find gold in Indonesia. After striking it rich,
their success unravels amid fraud and betrayal.
Directed by Stephen Gaghan, the film explores greed
and ambition but received mixed reviews for its
uneven tone and pacing. It grossed $14.8 million
against a $20 million budget. Available on platforms
like Hulu or Amazon Prime (check current listings).
(Grok)
News/Profile
Gold
(1974)
Gold
(1974) is a British thriller directed by Peter R.
Hunt, based on Wilbur Smith's novel Gold Mine. Set
in South Africa, it follows Rod Slater (Roger Moore),
a mining engineer, who uncovers a conspiracy to
flood a gold mine to manipulate global gold prices.
The plot involves corporate greed, sabotage, and
high-stakes action, with Slater racing to stop the
scheme.
Cast:
Roger Moore, Susannah York, Ray Milland, Bradford
Dillman.
Key
Details: 120 min, rated PG, released August 1974
(UK). Filmed on location in Johannesburg, featuring
intense mining scenes.
Reception:
Mixed reviews; praised for action and Moore’s
charisma, criticized for pacing and dated elements.
IMDb rating: 5.7/10.
Availability:
Limited streaming; available for rent/purchase on
platforms like Amazon or on DVD.
News
Bitcoin
Movies Streaming
Money
Electric: The Bitcoin Mystery (2024, HBO)
A
documentary by Cullen Hoback exploring Bitcoin’s
origins and the identity of Satoshi Nakamoto. It’s
a thrilling investigation into Bitcoin’s rise
and its potential impact on global finance.
Streaming:
Available on HBO’s streaming platform, Max.
Check JustWatch for additional services or free
options like Apple TV+ trials.
Bitconned
(2024, Netflix) A true-crime documentary about three
individuals who scammed millions in the unregulated
crypto market to fund lavish lifestyles. Streaming:
Exclusively on Netflix.
Banking
on Bitcoin (2016)
A
popular documentary diving into Bitcoin’s impact,
its challenge to centralized banking, and its early
history. It’s a great pick for understanding
Bitcoin’s ethos. Streaming: Available on Amazon
Prime Video (free for subscribers), Fandango at
Home, and for purchase/rent on Amazon, YouTube Primetime,
or Apple TV.
The
Rise and Rise of Bitcoin (2014)
Follows
programmer Daniel Mross and early Bitcoin adopters,
offering insights into Bitcoin’s volatile early
days. Ideal for beginners.
Streaming: Available on Prime Video, Fandango at
Home, and for purchase on iTunes or Amazon.
Bitcoin:
The End of Money as We Know It (2015)
A
concise documentary tracing the history of money
and Bitcoin’s potential to disrupt fiat systems.
Features experts like Andreas Antonopoulos.
Streaming:
Available on Amazon Prime, YouTube, and Fandango
at Home. Free on YouTube in some regions (e.g.,
Ulterior States).
Notes
on Streaming with Bitcoin:
Major
platforms like Netflix and HBO Max don’t directly
accept Bitcoin payments. However, you can use crypto
via gift cards purchased from platforms like Bitrefill,
Coinsbee, or eGifter, which offer cards for services
like Amazon, Fandango, or Rakuten, usable for streaming
or movie tickets.
For
example, Bitrefill sells Showtime or Rakuten gift
cards (for US, Spain, Portugal, Italy) payable with
Bitcoin, Ethereum, or Dogecoin.
Crypto
debit cards from providers like http://Crypto.com
or Coinbase can also convert Bitcoin to fiat for
subscriptions or purchases at non-crypto-accepting
platforms.
Additional
Tips:
Check
platforms like JustWatch or IMDb for real-time streaming
availability, as services change frequently.
Some
older documentaries, like Ulterior States (2014),
are freely available on YouTube, offering ideological
perspectives on Bitcoin’s early days.
Be
cautious with free streaming sites; some, like Openload
or Streamango, have been linked to crypto-jacking
schemes that mine Monero using your device’s
CPU. (Grok)
Cryptos
Today: (Near Live)
May
13, 2025
Sydney, Australia
Bitcoin
$102,452.96 USD -1.57%
ETH $2,473.59 USD -1.39%
Tether $0.9993 USD -0.10%
XRP $2.53 USD +7.21%
BNB $662.27 USD +1.78%
Solana $172.50 USD -0.12%
USD Coin $0.9993 USD -0.07%
Dogecoin $0.2295 USD -1.04%
Cardano $0.8162 USD +0.72%
TRON $0.2732 USD +3.10%
Wrapped Bitcoin $102,406.50 USD -1.66%
News
Cryptocurrency
News
Bitcoin
Price Surge: Bitcoin has surpassed $100,000, briefly
touching $105,000, driven by optimism around global
trade deals, particularly U.S.-U.K. agreements and
ongoing U.S.-China talks. Analysts warn of a potential
short-term sell-off ahead of the May 13 CPI print,
with BlackRock noting quantum computing as a risk
for Bitcoin ETFs.
Ethereum
Rally: Ethereum (ETH) has surged over 44% in three
days, reaching $2,600, fueled by the Pectra network
upgrade and declining Bitcoin dominance. Analysts
speculate ETH could hit $10,000 or even $12,000
in 2025 due to institutional adoption, DeFi growth,
and a high ETH burn rate.
Altcoin
Momentum: Altcoins like Solana (SOL), Cardano (ADA),
and Dogecoin (DOGE) are rallying, with DOGE up 27%
and ETH leading with a 32% weekly gain. Bitcoin’s
dominance has dropped to 63.89%, signaling a potential
altcoin season.
Meta’s
Crypto Plans: Leaked reports suggest Meta is exploring
cryptocurrency support for its 3 billion users,
potentially integrating stablecoins for creator
payments, which could boost market sentiment.
Regulatory
Developments: SEC Chairman Paul Atkins is prioritizing
a rational crypto regulatory framework, with XRP
noted as the only regulated cryptocurrency in the
U.S. However, a bipartisan stablecoin bill (GENIUS
Act) stalled due to concerns over Trump’s personal
crypto ventures, raising conflict-of-interest issues.
Market
Inflows: Crypto investment products saw $882 million
in inflows last week, with U.S. crypto ETFs hitting
a record $62.9 billion in cumulative net inflows
since January 2024. BlackRock’s Bitcoin ETF
recorded a 19th consecutive day of inflows on May
9.
Other
News: Coinbase acquired Deribit for $2.9 billion,
expanding its derivatives offerings. New Hampshire
passed a law allowing state investment in cryptocurrencies.
France’s rumored crypto ban was mentioned on
X but lacks credible confirmation and should be
treated as speculative. (Grok)
Blockchain
News
Meta’s
Blockchain Push: Meta is reportedly exploring a
blockchain-based payment system, potentially offering
low-cost digital transfers. This follows their unsuccessful
Diem project, signaling renewed interest in blockchain
integration.
Crypto
in Education: Animoca Brands’ Yat Siu highlights
blockchain’s potential in education, particularly
through DeFi student loan financing. Ripple’s
$25 million donation to a crypto education fund
underscores growing academic influence.
XRP
and Interoperability: XRP is expanding into multichain
interoperability, connecting with Cosmos and EVM
sidechains. With 200+ financial partners, it aims
to bridge traditional finance and crypto ecosystems.
Avalanche
and Web3 Gaming: Avalanche’s John Nahas emphasizes
blockchain as seamless backend infrastructure for
gaming, citing examples like Gunzilla Games’
“Off the Grid,” which leverages blockchain
for user ownership.
Policy
Shifts: The Trump administration is driving a pro-crypto
agenda, with plans to integrate blockchain into
financial systems. Bank regulators are exploring
blockchain-based payment systems, a stark contrast
to previous skepticism.
Robinhood’s
Blockchain Platform: Robinhood is developing a blockchain-based
platform for trading tokenized US securities in
Europe, potentially partnering with Arbitrum or
Solana.
Ethereum’s
Pectra Upgrade: Ethereum’s latest upgrade introduces
features like smart wallets and lower fees but has
raised concerns about a new attack vector that could
allow hackers to drain funds.
Other
Developments: Brave is integrating Cardano into
its browser wallet, and MBS Global plans a $9 billion
blockchain financial hub in the Maldives.
For
real-time updates, platforms like Cointelegraph
or CryptoSlate on X are active sources,
News
Crypto
market slows down, nearing a top
Market
Picture
The
crypto market slowed down but continued to move
upwards over the weekend, reaching $3.35 trillion.
For the past few days, it has been trading in the
region of the highs since early February. Ethereum
and Dogecoin have been the stars of this movement,
adding around 40% in seven days, although the former's
contribution is certainly more significant.
The
crypto market's sentiment is consolidating in the
greed zone, leaving the corresponding index at 70
for the last three days. This is a good basis for
continued gains: not too hot to take profits and
not too cold to leave traders on the sidelines.
Bitcoin
rallied above $105.5k on Monday morning, entering
the area of highs where it has twice failed to hold
over the past six months. The impressive corrective
pullback from late January to early April, in our
opinion, created substantial margin for a new wave
of growth. Therefore, we will not be surprised if,
along with the positive dynamics of stocks, BTCUSD
will move to the renewal of historical highs already
this week.
News
Background
On
the weekly bitcoin chart, after the upward breakout
of the ‘bull flag’ pattern, a further
rise to $182,000 is possible, given the growth before
the downward consolidation. Cointelegraph presented
such a scenario.
Significant
inflows into spot bitcoin ETFS in the US continued
for the third week in a row. According to SoSoValue
data, weekly net inflows into spot BTC-ETFS totalled
$921 million, bringing the total to $41.16 billion
since bitcoin-ETFS were approved in January 2024.
Inflows into spot Ethereum-ETFS in the US broke
after two weeks, recording a small net outflow of
$38.2 million to $2.47 billion since last July.
Cryptoquant
noted that the strategy firm's pace of bitcoin purchases
exceeds the rate at which miners are issuing new
coins. The firm's holdings alone imply an annual
deflation of the asset of 2.23%.
Public
mining companies sold about 70% of mined bitcoins
in April against a falling mining profitability,
TheMinerMag calculated. Since March, miners seemed
to be moving away from the HOLDing strategy that
had prevailed last year.
Over
the years, Coinbase has considered investing a significant
portion of its savings in bitcoin, following the
example of Strategy, but abandoned the idea because
of the risks, said Brian Armstrong, head of the
exchange. (FxPro)
News
Markets
ASX
futures are pointing up 97 points/1.2% to 8364
AUD
-0.0% to US63.70¢
Bitcoin
-1.6% to $US102,525
Wall St:
Dow +2.8% S&P +3.3% Nasdaq +4.4%
VIX -3.51 to 16.03
Gold -0.03% to $US3235.57 an ounce
Brent oil +1.8% to $US65.03 a barrel
Iron ore +3.2% to $US100.00 a ton
10-year yield: US 4.47% Australia 4.36%
News
May
12, 2025
Investors
ramp up crypto spree as bitcoin nears record high
Australian
investors have pounced on the plunge in bitcoin
earlier this year and have been ramping up exposure
to the cryptocurrency in a bold bet that could pay
off handsomely, with analysts tipping prices to
hit $US200,000 this year.
The
world’s largest digital asset crossed the key
$US100,000 level last week for the first time since
February. Bitcoin extended that rally on Monday
to trade near $US105,000, just shy of its record
of around $US109,000 on January 20 – the day
US President Donald Trump was inaugurated.
It
represents a stunning turnaround for the cryptocurrency,
which traded as low as $US74,000 in early April
amid Trump’s escalating trade war. But sentiment
started to shift as traders hunted for alternatives
to US assets as they questioned the stability of
the world’s largest economy.
“Bitcoin
appeared to benefit from capital rotation associated
with ‘sell-America’ positioning and growing
scepticism around US monetary dominance,” Global
X investment analyst Justin Lin told The Australian
Financial Review after upgrading his year-end price
target to $US200,000.
The
trend was reinforced by a resurgence in global bitcoin
exchange-traded funds in April, with investors adding
$US2.9 billion ($4.5 billion) to those vehicles.
That marked a sharp reversal from February and March,
when more than $US5 billion in total was pulled
from the space.
A
further $US1.58 billion of flows moved into global
bitcoin ETFs in the first eight days of May, according
to US-listed crypto exchange Coinbase.
In
Australia, local ETFs have attracted $148 million
in inflows so far this year – more than double
compared to the same period in 2024.
And
unlike the US, Australian investors have been consistent
buyers throughout this year. Local bitcoin ETFs
experienced $6.9 million of inflows in March and
$20.5 million in new flows in April, according to
Global X.
Trump
gala
The
second-largest digital token, ethereum, has also
been swept up in last week’s rally, surging
as much as 33 per cent in its steepest weekly gain
since 2021, when low interest rates fuelled the
pandemic-era crypto boom.
While
ether has benefited from easing global trade tensions,
the token was boosted by a network upgrade designed
to reduce fees, improve network efficiency and enable
more complex wallet functionalities – moves
seen as necessary to fend off competition from faster-growing
rivals like solana.
Trump
has become an advocate of digital assets during
his second term by rolling back legal actions against
many companies in the sector, establishing a bitcoin
reserve, easing regulation and even launching his
own memecoin.
The
president is due to host a private gala dinner on
May 22 with the top 220 holders of the Trump memecoin,
an event that could mark a “turning point”
for the broader cryptocurrency market, according
to Global X’s Lin.
“[The
event’s] symbolic value is significant,”
he said. “It could serve as a launchpad for
broader crypto-friendly rhetoric and possibly renewed
regulatory commitments. Any such pivot would inject
momentum into the sector.” (AFR) *Full article
and coverage via subscription to The Australian
Financial Review.
News
Cryptocurrency
Movies
Here’s
a concise rundown of notable cryptocurrency-themed
movies and documentaries, blending education and
entertainment, based on their relevance to blockchain,
Bitcoin, and digital currencies:
Documentaries
The
Rise and Rise of Bitcoin (2014)
Follows early Bitcoin adopters like Daniel Mross,
exploring Bitcoin’s origins, volatility, and
potential to disrupt finance. Insightful for understanding
the early crypto community. Available on various
streaming platforms.
Banking
on Bitcoin (2016)
Chronicles Bitcoin’s ideological roots and
its impact on financial systems, featuring interviews
with key crypto figures. Great for grasping Bitcoin’s
societal implications. Available on Netflix and
other platforms.
Trust
Machine: The Story of Blockchain (2018)
Explores blockchain’s broader applications
beyond cryptocurrency, demystifying the technology’s
potential. Funded and distributed via blockchain,
it’s a unique watch. Available on Prime Video.
Bitcoin:
The End of Money as We Know It (2015)
A 60-minute dive into the history of money and Bitcoin’s
role in challenging centralized finance. Features
experts like Vitalik Buterin. Streamable on platforms
like YouTube.
Trust
No One: The Hunt for the Crypto King (2022)
A Netflix documentary investigating the mysterious
death of QuadrigaCX CEO Gerry Cotten and the $250
million in missing investor funds. Gripping for
scam enthusiasts.
Biggest
Heist Ever (2025)
A Netflix documentary detailing the 2016 Bitfinex
hack, where 120,000 Bitcoin (worth over $4 billion)
were stolen. Focuses on Heather Morgan (aka Razzlekhan)
and Ilya Lichtenstein. A fresh take on crypto crime.
Feature
Films
Crypto
(2019)
A crime thriller starring Beau Knapp, Luke Hemsworth,
and Kurt Russell. Follows a Wall Street banker uncovering
a cryptocurrency-fueled money laundering scheme
in his hometown. Critically mixed but engaging for
drama fans. Available on Google Play and Prime Video.
Silk
Road (2021)
A crime drama about Ross Ulbricht and the dark web
marketplace Silk Road, where Bitcoin was the primary
currency. Explores the legal and ethical complexities
of crypto in illicit markets. Available on streaming
services like Fandango.
Dope
(2015)
A coming-of-age comedy-drama where high schoolers
use Bitcoin for a dark web drug transaction. Not
crypto-centric but an early mainstream nod to Bitcoin’s
cultural presence. Streamable on Netflix.
Bitcoin
Heist (2016)
A Vietnamese action-comedy about undercover agents
chasing a crypto hacker, “The Ghost.”
Blends suspense and humor, offering a lighthearted
take on crypto crime. Available on Prime Video.
Why
Watch These?
These films range from educational documentaries
to thrilling fictional tales, reflecting crypto’s
rise, scandals, and societal impact. Documentaries
like Banking on Bitcoin and Trust Machine are ideal
for learning about blockchain’s mechanics and
potential, while thrillers like Crypto and Silk
Road dramatize the risks and allure of digital currencies.
For 2025, Biggest Heist Ever is a must-watch for
its fresh perspective on a massive crypto theft.
Where
to Watch
Most
are available on Netflix, Prime Video, Google Play,
or Fandango. Check specific platforms for availability
in your region. (Grok)
News
Bitcoin
Movies On Netflix
Netflix
currently offers a few movies and documentaries
focused on Bitcoin and cryptocurrency. Here are
the most notable ones available as of my last update:
Bitconned
(2024) - A true-crime documentary about three individuals
who exploited the cryptocurrency market, scamming
millions from investors to fund lavish lifestyles.
It dives into the darker side of crypto with a focus
on the Centra Tech scam. [IMDb: 6.5]
Trust
No One: The Hunt for the Crypto King (2022) - This
documentary explores the mysterious death of Gerald
Cotten, founder of the QuadrigaCX exchange, and
the $250 million in investor funds that vanished.
It follows investors turned amateur detectives unraveling
the scandal. [IMDb: 6.3]
Hotel
Bitcoin (2024) - A Spanish comedy film where four
friends discover a fortune in lost bitcoins, sparking
a chaotic adventure to protect their windfall and
friendships. It’s a lighter, fictional take
on Bitcoin’s allure.
Biggest
Heist Ever (2024) - A documentary covering the Bitfinex
hack, where a couple, dubbed the "Bitcoin Bonnie
and Clyde," allegedly laundered nearly 120,000
bitcoins. It’s a deep dive into one of crypto’s
most infamous crimes.
Crypto
Boy (2023) - A Dutch drama about a young man drawn
into the world of cryptocurrency after a fallout
with his father, exploring themes of ambition and
deception. It’s more character-driven than
educational.
Notes:
Availability
may vary by region, so check Netflix in your area.
Some
older Bitcoin documentaries, like Banking on Bitcoin
or The Rise and Rise of Bitcoin, are not currently
on Netflix but may be available on other platforms
like Amazon Prime or YouTube.
For
a broader list, posts on X also mention Bitcoin:
The End of Money as We Know It and The Blockchain
and Us, but these are not confirmed on Netflix at
this time. (Grok)
News
Memecoins
Today:
Memecoins
are seeing significant activity today, May 13, 2025,
with several coins rallying and ongoing controversies
shaping market sentiment. Here's a concise overview
based on recent developments:
Market
Performance:
Dogwifhat
(WIF), Book of Meme (BOME), and FLOKI are extending
double-digit rallies, driven by a risk-on sentiment
in crypto markets following US-China tariff reductions.
Technical indicators suggest potential for further
gains.
Moo
Deng, a Solana-based memecoin, surged 153% in the
past 24 hours, fueled by institutional demand for
SOL and retail interest after Bitcoin’s rally
above $103,000.
FLOKI
is highlighted on X as a top performer, with posts
suggesting it could lead the memecoin rally alongside
DOGE, SHIB, and PEPE.
Political
and Controversial Developments:
Trump’s
$TRUMP Memecoin: The coin remains in the spotlight
due to a May 22 dinner for top holders at Trump’s
Virginia golf club, sparking ethical concerns and
political backlash. The coin surged over 50% after
the announcement, reaching a $2.7 billion market
value, though 764,000 investors have lost money
compared to 58 wallets profiting significantly.
Melania’s
$MELANIA Memecoin: Launched January 19, it saw sniper
traders earn $99.6 million by buying minutes before
its public announcement. The team recently sold
$1.5 million in tokens, amid a weakening memecoin
market.
Legislative
Pushback: Senate Democrats blocked stablecoin legislation
due to controversies surrounding Trump’s crypto
ventures. Proposed bills, like the End Crypto Corruption
Act, aim to ban presidents and officials from issuing
digital assets to curb potential conflicts of interest.
Market
Sentiment:
X posts reflect active interest in memecoins, with
users seeking recommendations and shilling coins
like FLOKI and letsBONK. However, some posts highlight
the speculative nature, describing pump-and-dump
cycles.
Discussions
on memecoins hit a year-to-date high, shifting focus
from Bitcoin and layer-1 protocols, though some
argue the memecoin frenzy is cooling as stablecoins
gain traction on Solana.
Broader
Context:
Memecoins
face criticism for lacking intrinsic value, with
some viewing them as celebrity-driven schemes. However,
advocates suggest AI agents could drive a “memecoin
renaissance” by adding utility.
The
$TRUMP token’s performance has been lackluster
compared to its peak, with onchain activity spiking
after the dinner announcement but still down 79%
from its all-time high.
Critical
Note: While memecoins are rallying, their volatility
and speculative nature carry significant risks.
The political ties to certain coins, especially
$TRUMP, raise ethical and legal questions, potentially
influencing market stability. Always verify information,
as X posts can contain unverified claims, and memecoin
investments are highly speculative. (Grok)
Bull
Market: Def
"Bull
market" describes a financial market where
prices are rising or are expected to rise. It commonly
refers to the stock market but can be applied to
anything that is traded, such as bonds, real estate,
currencies, and commodities.
Markets
and Cryptos
May
10, 2025
Sydney, Australia
Markets:
ASX
futures up 12 points/0.2% to 8261
AUD +0.1% at US64.09¢
Bitcoin +1.8% to $US103,152
Dow -0.3%
S&P -0.1%
Nasdaq -0.00%
Gold +0.6% to $US3326.57 an ounce
Oil +1.7% at $US63.92 a barrel
Iron ore +0.5% at $US97.00 a tonne
Cryptos
Today: (Near Live)
Bitcoin.
$102,887.02 USD. - 0.18%
Ethereum. $2,331.30. +6.50%
Tether $1 USD -0.10%
XRP. $2.35. +1.83. +2.4%
BNB. $638.149. +2.35%
Solana. $172.18. +6.56%
USD Coin. $1 USD -0.17%
Dogecoin: $0.2045 USD +5.52%
TRON. $0.2562 USD +3.06%
Cardano $0.7801 USD +2.20%
Wrapped Bitcoin $102,930.51 -0.28%
News
Crypto
News
Bitcoin
Surges Past $100,000: Bitcoin reclaimed the $100,000
mark for the first time since February, driven by
optimism around a U.S.-UK trade deal announced by
President Trump and UK Prime Minister Keir Starmer.
The deal, which includes a 10% U.S. tariff on UK
goods and reduced UK tariffs, has fueled a broader
market rally. Bitcoin was trading at $102,700 late
Thursday, with analysts noting potential support
at $100,000 and resistance near $107,000.
Other
Cryptocurrencies Rally: Ether surged over 14% to
$2,050.46, its highest since late March, while Solana
and Dogecoin gained 10% and 12%, respectively. The
total crypto market cap rose 2.5% to $3.09 trillion.
Stablecoin
Bill Blocked: The GENIUS Act of 2025, aimed at regulating
stablecoins, was stalled in the U.S. Senate on May
8 by Democratic lawmakers, citing concerns over
President Trump’s ties to the crypto industry,
including his family’s World Liberty Financial
stablecoin venture.
German
Seizure of Crypto Assets: German authorities seized
€34 million ($38 million) in cryptocurrencies,
including Bitcoin, Ether, Litecoin, and Dash, from
the eXch platform, linked to laundering funds from
Bybit’s $1.4 billion hack in February 2025.
SEC
and Ripple Settlement: The SEC and Ripple filed
a joint letter on May 8 to dissolve an August 2024
injunction against Ripple and return $75 million
of $125 million in penalties held in escrow.
Trump’s
Crypto Ventures: World Liberty Financial, a Trump-affiliated
firm, unveiled a stablecoin and secured a $2 billion
deposit deal with an Emirati fund. However, Democratic
senators, including Elizabeth Warren, are pushing
back against crypto legislation, alleging corruption
tied to Trump’s crypto ventures.
Bitcoin
Investment Moves: Strategy (formerly MicroStrategy)
announced a $180 million Bitcoin purchase, adding
1,895 BTC, while a new whale withdrew $50 million
in Bitcoin from Binance.
Ethereum
Upgrades: Ethereum’s Pectra protocol upgrade
went live on May 7, boosting investor interest.
Analysts predict ETH could hit $5,925 in 2025, with
long-term forecasts up to $15,575 by 2030.
Market
Sentiment: The crypto market is in a transitional
phase, with Bitcoin down 14% from its January 2025
high of $109,079. Analysts like Standard Chartered’s
Geoff Kendrick forecast Bitcoin reaching $120,000
by Q2 2025 and $200,000 by year-end. (Grok)
News
A
sharp crypto market awakening
Market
Picture
TThe
crypto market has added about 5.8% to its capitalisation
over the past 24 hours, bringing it to $3.24 trillion.
This is roughly the area where the market has been
consolidating for most of February. A pause halfway
to the area of historical highs above 3.50 looks
like a logical respite. Back in November, the market
surged without major pauses—but this time,
the momentum appears more measured, with less of
the earlier excitement.
The
crypto market sentiment index reached 73, which
is only a couple of steps away from extreme greed
and is the highest since late January. Often, this
is a working sentiment for continued growth.
Bitcoin
has been reaching levels above 104000 this morning,
adding an impressive 5% in the last 24 hours and
33% in 30 days. At current highs, all eyes are on
how soon it will reach the all-time highs, which
are less than 6% away, and whether or not it can
overcome them outright. While similar rallies have
broken records in the past, we still expect some
consolidation near the highs before any decisive
move higher.
The
rocket of the last few days has certainly been Ethereum,
which soared 23% in the last 24 hours, strengthening
twice as fast as Bitcoin over the month. The technique
worked perfectly. ETHUSD stomped around the 50-day
moving average for a long time and rose in value
by a third in less than two days to $2380. The rise
to 2700 looks like an ‘easy part’ of the
growth. Further upside will already have to be fought
for.
News
Background
On
May 8, bitcoin's realised capitalisation reached
a record $890.74 billion, which could indicate that
BTC is poised for significant growth, CryptoQuant
noted. The metric is the aggregate value of all
coins in circulation based on the quotes at which
they were last transferred.
Ethereum
shows the best weekly performance in the top 20
cryptocurrencies. Nansen notes the accumulation
of ‘smart money’ by institutions like
Wintermute.
U.S.
banks can perform crypto transactions on customer
requests, provide custodial services through third
parties, and generate tax returns on digital assets.
This is stated in a clarification from the US Office
of the Comptroller of the Currency (OCC).
Payments
company Stripe has launched a product called Stablecoin
Financial Accounts. It will allow businesses in
101 countries to hold balances in dollar-denominated
Stablecoins and receive and send fiat and cryptocurrencies.
(FxPro)
Best
Quotes Of The Day
An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
"Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Markets
and Cryptos
May
7, 2025
Sydney, Australia
Markets
ASX
futures down 23 points/0.3% to 8146
AUD
+0.3% to US64.87¢
Bitcoin
flat at $US94,534
Wall
St:
Dow -1.0%
S&P -0.7%
Nasdaq -0.9%
VIX +1.18 to 24.82
Gold +2.4% to $US3414.77 an ounce
Oil +3.4% to $US62.26 a barrel
Iron ore +1.2% to $US97.70 a tonne
10-year yield: US 4.31% Australia 4.33%
News
Bitcoin.
$95,096. 2.41%
Ethereum. $1,789.65. 1.60%
Tether. $1.99. +0.16%
XRP. $2.14. -0.46%
BNB. $599.88. 0.05%
Solana. $144.79. 1.351%
News
Crypto
News Today
Bitcoin
Price Outlook: Binance founder Changpeng "CZ"
Zhao predicts Bitcoin could reach $500,000 to $1
million this market cycle, citing institutional
adoption, government accumulation, and pro-crypto
U.S. policies. Bitcoin is currently trading around
$94,376, with some analysts forecasting a 2025 high
of ~$168,000.
Florida
Bitcoin Reserve Bills Withdrawn: Florida’s
House Bill 487 and Senate Bill 550, which aimed
to establish a state Bitcoin reserve, were withdrawn
from consideration on May 3, marking a setback for
state-level crypto initiatives.
Trump
Family Crypto Ventures: The Trump-affiliated World
Liberty Financial (WLFI) is gaining traction. Its
stablecoin, USD1, is being used for a $2 billion
investment by Abu Dhabi’s MGX into Binance.
The Trump family’s crypto activities, including
a $TRUMP meme coin, have sparked Senate backlash,
with Democrats raising concerns over conflicts of
interest and pushing for stricter stablecoin regulations.
BNB
ETF Filing: VanEck has filed for the first U.S.
BNB exchange-traded fund, which could stake BNB
tokens, signaling growing institutional interest
in Binance’s native token.
Crypto
Market Trends: Bitcoin remains steady at ~$93,831,
while Ethereum (ETH) and XRP are seeing slight declines.
Analysts suggest ETH may outperform XRP in May due
to stronger technical setups. The broader crypto
market cap dipped slightly, with mixed altcoin performance.
Regulatory
and Institutional Moves: Morgan Stanley plans to
offer crypto trading on its E*Trade platform by
2026. U.S. banks no longer need Federal Reserve
notification for crypto activities, a significant
regulatory win.
Crypto-Related
Crime: French police rescued the father of a crypto
entrepreneur kidnapped for ransom, highlighting
a rise in crypto-related abductions in France. (Grok)
News
Blockchain
News Today
Ethereum
Pectra Upgrade: Ethereum’s mainnet is undergoing
the Pectra upgrade today, marking its most significant
code change since the Merge in 2022. This upgrade
includes 11 Ethereum Improvement Proposals (EIPs)
aimed at enhancing user-friendliness, staking experiences,
wallet features, and overall blockchain efficiency.
Originally planned for 2024, the upgrade was delayed
due to its complexity.
Crypto
Market Trends: As of May 6, Bitcoin remains stable
at around $93,831, while Ethereum and XRP have seen
slight declines. Analysts are watching for potential
bigger moves in 2025, with Bitcoin predicted to
possibly hit $167,598.22 this year and surpass $900,000
by 2030, driven by increased adoption and whale
activity.
Maldives
Blockchain Hub: A $9 billion blockchain hub project
in the Maldives is gaining attention as a transformative
initiative for the region’s crypto ecosystem,
highlighting blockchain’s growing global infrastructure.
Tether’s
AI Platform: Tether’s CEO, Paolo Ardoino, has
unveiled a new AI platform with crypto payment support,
building on their December 2024 announcement. This
move signals further integration of blockchain with
AI technologies.
Regulatory
Shifts: Recent U.S. policy changes allow banks to
offer Bitcoin and crypto services without Federal
Reserve notification, a significant win for crypto
adoption. This has sparked bullish sentiment, particularly
for Ethereum, which is seen as a hub for stablecoin
and onchain services.
Worldcoin’s
U.S. Expansion: Sam Altman’s Worldcoin is deploying
biometric “orbs” in U.S. cities to streamline
crypto wallet security, aiming to make transactions
more user-friendly and secure. (Grok)
News
The
US ran a record trade deficit in March. It will
be worse in April
In
March, the US trade deficit with other countries
reached unprecedented levels, driven by a rush to
purchase goods ahead of anticipated tariffs. This
surge comes amidst the backdrop of the US President’s
striking ‘America’s Liberation Day’
tariff announcement, with retaliatory tariffs following
in April.
The
trade deficit is an important fundamental pressure
factor on the dollar, and it promises to become
even stronger in April’s data. As a result,
we are seeing temporary anomalies in the import
numbers, which have been on a tear since December,
adding over 27% to March last year.
Exports,
on the other hand, are still within the trend of
the last three years, adding 6.7% YoY to $278.5bn.
Still, it doesn’t quite match the record-breaking
$140.5 billion deficit and $419 billion in imports.
These
alarming numbers are likely just a preview, with
a downturn expected in the coming months—though
it will probably be less dramatic. This will give
the illusion that tariffs are working. However,
it’s more accurate to take a long-term view,
factoring in both the unusual spike in imports and
the potential drop that may follow. It would not
be surprising if the net effect is very controversial.
(FxPro)
News
Gold
News Today
Gold
prices rose to a two-week high on Tuesday, May 6,
2025, driven by post-holiday buying from China and
concerns over potential U.S. tariffs on pharmaceutical
imports. Spot gold gained over 2%, reaching around
$3,317 per ounce, supported by a weaker U.S. dollar
and safe-haven demand. Investors are focused on
the Federal Reserve’s policy meeting outcome
on May 7, as higher interest rates typically reduce
the appeal of non-yielding gold. In India, 24-carat
gold prices climbed to ?95,740 per 10 grams, while
silver saw a slight decline to ?96,900 per kilogram.
Geopolitical tensions, including Middle East conflicts,
and uncertainty over U.S.-China trade talks continue
to bolster gold’s appeal.
News:
Business, Markets, Comms, World News, Headlines,
Australia
May
5, 2025
Markets
Australian
Dollar: $0.6444 USD (up $0.0061 USD)
Iron Ore June Spot Price (SGX): $96.00 USD (up $0.80
USD)
Oil Price (WTI): $58.29 USD (down $0.70 USD)
Gold: $3,241.82 USD (up $4.35 USD)
Copper (CME): $4.6730 USD (up $0.0415 USD)
Bitcoin: $95,720.18 USD (down 0.61%)
Dow Jones: 41,317.43 (up 564.47 points)
Markets:
Update
ASX
futures up 0.4%/32 points, to 8280 points
AUD
+0.3% $US64.55¢
Bitcoin -0.6% to $US95,679
Wall
Street:
Dow
+1.4%
S&P +1.5%
Nasdaq +1.5%
VIX -1.9 to 22.68 points
Gold steady at $US3240.49 an ounce
Oil -1.4% to $US61.29 a barrel
Iron ore +1% to $US96 a tonne
10-yr yield: US 4.31% Australia 4.21%
News
'Return
to office' push to go on
The
Minerals Council of Australia's chairman Andrew
Michelmore says the Coalition's bungled policy on
public servants working from home is likely to have
been one of many issues that contributed to its
massive election loss. Michelmore and property developer
Tim Gurner both contend that working from home is
more appropriate in specific industries, rather
than across the economy; the latter believes that
companies that encourage staff to engage with each
other in the office rather than remotely are the
most likely to succeed over the next decade. (Roy
Morgan Summary)
News
Media
Foxtel
boss welcomes a bold new era
Foxtel
CEO Patrick Delany says companies that "stand
still" are unlikely to survive in Australia's
current media landscape. He adds that Foxtel will
have greater capacity to adapt and evolve following
its acquisition by UK-based DAZN, which will in
turn result in a better product for its pay-TV and
streaming customers. Delany has rejected suggestions
that the quality of Foxtel's coverage of Australian
sports will be adversely affected by a move to cut
about 100 jobs. Foxtel was previously majority-owned
by News Corp, which will emerge from the deal with
a six per cent stake in DAZN. (RMS)
News
Main
parties focused ad spend on TV
Analyis
by Australian video measurement firm Adgile shows
that the nation's political parties spent more than
$54m on free-to-air and broadcast video-on-demand
advertising during the election campaign. Free TV
Australia CEO Bridget Fair says this demonstrates
that TV is still a trusted and highly effective
platform for connecting with voters. Meanwhile,
a total of $17m was spent on YouTube advertising
across all parties. (RMS)
News
'Force
big tech to pay up': Media firms
News
Corp Australia's executive chairman Michael Miller
has urged the re-elected federal government to overhaul
the news media bargaining code. He says it is more
than a year since the nation's political leaders
resolved that technology platforms must renew their
revenue-sharing deals with news publishers, and
he contends that Labor must set a timetable for
the tech giants to negotiate new deals. Nine Entertainment
CEO Matt Stanton and Seven West Media CEO Jeff Howard
have expressed similar views. (Roy Morgan Summary)
News
Rio
Tinto weighs up rare earths market
May
2, 2025
Rio
Tinto CEO Jakob Stausholm said last Thursday the
mining company's board had discussed rare earths
during the week, with Stausholm speaking after its
AGM in Perth. He said the board would take a "serious
Dlook" at the potential role that rare earths
could play in Rio Tinto's portfolio, while he commented
that critical minerals are often present in Rio's
existing operations as a by-product. Rio Tinto chairman
Dominic Barton says that expanding into critical
minerals could help strengthen Rio's social licence
to operate, while he noted that big mining companies
like Rio Tinto are yet to establish much of a presence
in the critical minerals sector. (Mining Dot Com)
News
Headlines
Today
International
News:
Russian
President Vladimir Putin expresses hope that nuclear
weapons won't be needed in Ukraine, ahead of a unilateral
three-day ceasefire from May 8-10 to mark the 80th
anniversary of WWII victory. Ukrainian President
Volodymyr Zelenskyy doubts Russia’s commitment
to the truce.
India-Pakistan
tensions escalate after a terror attack in Pahalgam;
India bans imports from Pakistan and suspends postal
and maritime links.
An
Air India flight from Delhi to Tel Aviv was diverted
to Abu Dhabi due to a missile attack near Tel Aviv’s
airport, with flights suspended until May 6.
Chinese
President Xi Jinping to visit Russia from May 7-10
for WWII victory celebrations.
U.S.
News:
Texas
Governor signs the largest U.S. school voucher law,
marking a conservative shift in education policy.
President
Donald Trump proposes a $163 billion cut to the
U.S. budget, targeting domestic spending.
Trump
sparks controversy by posting an AI-generated image
of himself as a pope, drawing online backlash.
Trump
announces 100% tariffs on foreign films made outside
the U.S., impacting international cinema.
Business
& Economy:
Billionaire
Warren Buffett announces he will step down as CEO
of Berkshire Hathaway by the end of 2025, naming
Greg Abel as successor.
State
Bank of India (SBI) reduces lending rates, with
Repo Linked Lending Rate down to 8.25% and External
Benchmark Based Lending Rate to 8.65%, effective
April 15, 2025.
Entertainment
& Culture:
The
Met Gala 2025 in NYC highlights Black dandyism,
drawing global attention.
Columbia
University to announce the 2025 Pulitzer Prize winners
in journalism, books, drama, and music.
Fans
celebrate Tatsuya Fukazawa’s 33rd birthday,
member of Japanese idol group Snow Man, trending
on X.
Sports:
Norway’s
Casper Ruud wins the Madrid Open final against Jack
Draper in a 7-5, 3-6, 6-4 match.
China’s
Liu Shengshu and Tan Ning win the women’s doubles
badminton final at the BWF Sudirman Cup in Xiamen,
China.
Regional
News:
Myanmar’s
Shwedagon Pagoda attracts over 2.5 million visitors
in the first four months of 2025.
Australia’s
Labor Party projected to win a huge majority in
the 2025 federal election, with around 90 seats.
Other
Notable Events:
Cinco
de Mayo celebrations highlight the Mexican army’s
1862 victory over French forces at the Battle of
Puebla, distinct from Mexican Independence Day.
The
upcoming Papal Conclave to elect a new pope begins
May 7 in Rome, with global focus on the process.
These
headlines reflect a mix of global, political, economic,
and cultural developments. (Grok)
Media
Man Int
News
Meme
Man Brands Of The Day: Dogecoin, Xbox and The Perth
Mint
Markets
and Cryptos
May
2, 2025
Sydney,
Australia
Markets:
ASX
futures down 9 points/0.1% to 8153
AUD -0.3% at US63.86¢
Bitcoin +2.6% to $US96,560
Dow +0.7% S&P +1.2% Nasdaq +2.1%
Gold -1.9% to $US3227.23 an ounce
Oil +1.5% at $US61.95 a barrel
Iron ore -1.2% at $US95.20 a ton
Crypto
Today:
Bitcoin.
$96,857.23. 2.30%
Ethereum. $1,848.94. 2.43%
XRP. $2.2249. 0.71%
BNB. $599.84 USD +0.01%
Solana. $150.61 USD +2.64%
USD Coin. $1.00 USD -0.01%
Dogecoin. $0.1816 USD +4.87%
Crypto
News
Ripple’s
Regulatory Milestone: Ripple became the first blockchain-powered
payments provider licensed by Dubai’s DFSA,
enabling regulated cross-border crypto payments
in the UAE, a key global trade hub.
XRP
Market Dynamics: Despite a 30% price drop, XRP analysts
highlight strong fundamentals and institutional
integration, suggesting the dip may be a strategic
shakeout before a potential rally to $3.
SoFi’s
Crypto Push: Fintech SoFi plans to reintroduce crypto
investing by year-end, leveraging new U.S. regulatory
guidance. They aim to integrate blockchain across
lending, savings, and payments within 24 months.
UK
and US Regulatory Alignment: The UK announced draft
rules to regulate crypto exchanges and dealers,
aiming to align with the U.S. under Trump’s
pro-crypto policies, despite EU concerns.
Stablecoin
Developments: Visa and Bridge partnered to launch
stablecoin-linked cards in Latin America, while
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank
plan a dirham-backed stablecoin.
Worldcoin’s
U.S. Entry: Sam Altman’s Worldcoin (now World)
will debut in U.S. cities like Atlanta and San Francisco,
offering its WLD token for identity verification
via Orb scans.
Security
Concerns: North Korea’s Lazarus Group is targeting
crypto developers with malware through fake U.S.
companies, escalating cyber threats.
Markets
and Cryptos
May
2, 2025
Sydney,
Australia
Markets:
ASX
futures down 9 points/0.1% to 8153
AUD -0.3% at US63.86¢
Bitcoin +2.6% to $US96,560
Dow +0.7% S&P +1.2% Nasdaq +2.1%
Gold -1.9% to $US3227.23 an ounce
Oil +1.5% at $US61.95 a barrel
Iron ore -1.2% at $US95.20 a ton
Crypto
Today:
Bitcoin.
$96,857.23. 2.30%
Ethereum. $1,848.94. 2.43%
XRP. $2.2249. 0.71%
BNB. $599.84 USD +0.01%
Solana. $150.61 USD +2.64%
USD Coin. $1.00 USD -0.01%
Dogecoin. $0.1816 USD +4.87%
Crypto
News
Ripple’s
Regulatory Milestone: Ripple became the first blockchain-powered
payments provider licensed by Dubai’s DFSA,
enabling regulated cross-border crypto payments
in the UAE, a key global trade hub.
XRP
Market Dynamics: Despite a 30% price drop, XRP analysts
highlight strong fundamentals and institutional
integration, suggesting the dip may be a strategic
shakeout before a potential rally to $3.
SoFi’s
Crypto Push: Fintech SoFi plans to reintroduce crypto
investing by year-end, leveraging new U.S. regulatory
guidance. They aim to integrate blockchain across
lending, savings, and payments within 24 months.
UK
and US Regulatory Alignment: The UK announced draft
rules to regulate crypto exchanges and dealers,
aiming to align with the U.S. under Trump’s
pro-crypto policies, despite EU concerns.
Stablecoin
Developments: Visa and Bridge partnered to launch
stablecoin-linked cards in Latin America, while
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank
plan a dirham-backed stablecoin.
Worldcoin’s
U.S. Entry: Sam Altman’s Worldcoin (now World)
will debut in U.S. cities like Atlanta and San Francisco,
offering its WLD token for identity verification
via Orb scans.
Security
Concerns: North Korea’s Lazarus Group is targeting
crypto developers with malware through fake U.S.
companies, escalating cyber threats.
Markets
and Cryptos
Markets:
April
23, 2025
ASX
futures up 103 points/1.3% to 7939
AUD -0.7% at US63.68¢
BTC +4.5% to $US91,358
Dow +2.7%
S&P +2.1%
NAS +2.5%
Gold -1.5% to $US3371.27 an ounce
Oil +1.5% at $US67.22 a barrel
Iron ore -0.7% at $US98.65 a ton
Cryptos
Today:
Bitcoin
$91,075.31 USD +4.29%
ETH $1,695.23 USD +7.53%
Tether $1.00 USD -0.02%
XRP $2.16 USD +3.57%
BNB $607.70 USD +1.95%
Solana $144.34 USD +5.47%
USD Coin $0.9994 USD -0.08%
Dogecoin $0.1728 USD +9.13%
Crypto,
FinTech, Comms, Mining, Politics and News Media
Under
The Media Man Watercooler
April
16, 2025
News
Crypto
Today:
Bitcoin
-0.78% to $US84,112 on Bitstamp at 6.23am AEDT
The
S&P 500 fell 0.17 per cent, the Nasdaq 100 was
down 0.05 per cent and the Dow Jones Industrial
Average fell 0.38 per cent. Bitcoin fell 1 per cent
to $US83,970.85 and Ether was down 1.6 per cent
to $US1608.22.
News
U.S.
Bans Nvidia H20 Chip Exports to China
The
U.S. government has issued a ban on Nvidia's export
of H20 chips to China, citing national security
concerns. Nvidia has announced an anticipated $5.5
billion charge to its Q1 earnings due to this ban,
leading to a significant drop in its stock price.
This decision reflects ongoing U.S.-China tech tensions,
influencing both tech supply chains and market dynamics.
(Grok)
News
Movement
Labs Under Internal Review; Co-Founder Takes Leave
Movement
Labs has launched an internal investigation following
issues with a market maker linked to their MOVE
token. Concurrently, co-founder Rushi Manche has
taken an indefinite leave from the company. There
are conflicting reports on whether this leave is
temporary or permanent, with Manche himself stating
he is 'still' at Movement Labs. (Grok)
News
The
crypto market gathers strength after the rebound
Market
Picture
The
cryptocurrency market added 8% over 7 days, stabilising
at the $2.7 trillion level since Saturday. This
is where the market tried to find support in the
last days of March before collapsing at the start
of April. A move higher could bolster hopes for
further gains, but these expectations will only
be confirmed after a solid consolidation above the
200-day moving average, which is now near $2.97
trillion.
Bitcoin
continues its cautious rise, trading above its 50-day
moving average and reaching $85.7K. This is an important
technical attempt to reverse the downtrend. Interestingly,
the 200-day average is quite close, so a second
confirmation of a trend change could come quite
quickly. However, from a pessimistic point of view,
it is worth noting that bitcoin has entered a resistance
accumulation zone where the strength of the initial
rebound may fade.
Solana
has added 20% over the past seven days. From a technical
perspective, this is an attempt to get back into
the bull market zone. Solana is recovering faster
than many of the major altcoins, trading at its
50-day moving average near $130. A consolidation
above this level will open the way to $145, the
area of previous peaks. A sustained move above them
will signal a break of the downtrend and could lead
to a move towards $180.
News
Background
According
to CoinShares, global investments in crypto funds
fell by $795 million last week after outflows of
$240 million a week earlier. Bitcoin investments
were down $751 million, Ethereum was down $38 million,
and Solana was down $5 million, but investments
in XRP were up $3.4 million, and Algorand and Avalanche
were up $0.25 million.
Coinshares
noted that recent tariff changes have led to record
outflows of $7.2bn, effectively levelling out almost
all of the inflows since the start of the year.
Call
options on Bitcoin at $100K were the most popular
on the Deribit platform, with a total open interest
of nearly $1.2bn, according to CoinDesk analyst
Omkar Godbole. The $70K put options were the second
most popular, with $982 million in open interest.
Project
Mantra's MANTRA token (OM) collapsed by 90%, and
its market capitalisation dropped from $5.5 billion
to $765 million. The crypto community suspects fraud,
calling it the biggest rug pull since the collapse
of LUNA and FTX. (FxPro)
News
Gold
Reaches New Peak at $3,267, Predicted to Rise Further
Gold
prices have surged to a new all-time high, reaching
approximately $3,267 per ounce, influenced significantly
by trading activities in Asia, particularly China.
Financial analysts from Goldman Sachs have predicted
that gold could potentially increase by an additional
38% by the end of 2025, projecting a price around
$4,500 per ounce. This spike is seen in the context
of increased global liquidity and a shift towards
safe-haven investments amid market volatility. (Grok)
News
Markets
Australian
Dollar: $0.6350 USD (up $0.0025 USD)
Iron Ore May Spot Price (SGX): $98.75 USD (up $0.85
USD)
Oil (WTI): $61.53 USD (down $0.07 USD)
Gold: $3,229.93 USD (up $19.36 USD)
Copper (CME): $4.6155 USD (down $0.0430 USD)
Bitcoin: $84,152.84 USD (down 0.50%)
Dow Jones: 40,368.96 (down 155.83 points)
News
Update
ALL
ORDS 7,987.30 +0.22%
ASX 200 7,783.90 +0.29%
AUD/USD 0.6350 +0.13%
OIL 61.14 -0.31%
GOLD 3,294.30 +1.66%
Bitcoin AUD 131,734.02 -1.91%
XRP AUD 3.28 -3.06%
AUD/EUR 0.5598 -0.24%
News
Crypto
Today: Update
Pi
Network. $0.6621. -10.94%
XRP. $2.13. -1.40%
Bitcoin. $84,961.00. -0.96%
Dogecoin. $0.1561. -2.73%
Shiba. $0.000012. -2.16%
Pi Network [IOU... pi. $0.6600. -10.62%
MEME. $0.000110. +12.36%
Solana. $129.75. -1.81%
News
Bitcoin
Movie News
Satoshi
Nakamoto Film: A feature-length movie about Bitcoin’s
enigmatic founder, Satoshi Nakamoto, is in development,
directed by Sophia Banks. Based on Andrew O’Hagan’s
article “The Satoshi Affair,” it explores
the mystery behind Bitcoin’s creator through
investigative storytelling.
Biggest
Heist Ever (Netflix Documentary): Released in December
2024, this documentary covers the 2016 Bitfinex
heist by Ilya Lichtenstein and Heather Morgan, dubbed
“Bitcoin’s Bonnie and Clyde.” They
stole nearly 120,000 Bitcoin (worth $4.5 billion
today), causing a 20% drop in Bitcoin’s value
at the time. The documentary faced cease-and-desist
demands from Morgan’s lawyers for alleged privacy
violations and false claims.
Crypto
Man (South Korean Film): A major crypto-themed movie
based on true events, “Crypto Man,” was
released in South Korean theaters in January 2025.
It’s generating buzz for its realistic portrayal
of the crypto world.
G20
(Amazon Prime Movie): Released in April 2025, this
action film starring Viola Davis features Bitcoin
and digital currencies as a central plot element,
reflecting crypto’s growing cultural presence.
Posts on X highlight its pro-Bitcoin stance, with
the plot involving governments attempting to control
digital currencies, countered by Bitcoin’s
decentralized nature.
Aimy
in a Cage: This 2015 dystopian horror film, directed
by Hooroo Jackson, was the first movie fully funded
by Bitcoin investments, notable for its independence
from studio interference.
Cold
Wallet: A 2025 thriller about cryptocurrency fraud,
presented by Steven Soderbergh, has been praised
for its suspenseful take on the crypto world.
These
projects reflect Hollywood’s increasing fascination
with Bitcoin and cryptocurrency, blending real-world
events with dramatic storytelling. For more details
on specific films, I can dive deeper into any of
these! (Grok)
News
Australia
ASX
edges up as CSL climbs; Belleveue sinks
The
Australian sharemarket posted a small gain on Tuesday,
with the S&P/ASX 200 adding 0.2 per cent to
close at 7,761.7 points. Iluka Resources was up
5.2 per cent at $3.62, CSL advanced 2.6 per cent
to end the session at $244.10 and Westpac rose 0.8
per cent to $30.76. However, Bellevue Gold shed
21.8 per cent to finish at $0.895 and Collins Foods
was down 7.7 per cent at $8. (Roy Morgan Summary)
News
Stock
market: Famous Quotes:
"An
investment in knowledge pays the best interest."
— Benjamin Franklin
"Bottoms
in the investment world don't end with four-year
lows; they end with 10- or 15-year lows." —
Jim Rogers
"Be
fearful when others are greedy and greedy only when
others are fearful." — Warren Buffett
Cryptocurrency,
Fintech, Markets, Comms, Biz, Politics
April
7, 2025
Markets
ASX
futures down 331 points/4.3% to 7388
AUD -0.3% at US60.21¢
Bitcoin -4.3% to $US79,283
Dow -5.5%
S&P -6.0%
Nasdaq -5.8%
Gold -2.5% to $US3038.24 an ounce
Brent oil -6.5% at $US65.58 a barrel
Iron ore flat at $US98.00 a tonne
News
April
7, 2025
Crypto
Today:
BTC.
$78,820.93. 4.67%
ETH. $1,577.20. 10.02.
USDT. $0.9998. 0.03%
XRP. $1.9566. 7.10%
BNB. $552.66. 6.00%
USDC. $1.0002. 0.03%
SOL. $106.55. 9.74%
DOGE. $0.1499. 9.96%
News
Countries
Respond to U.S. Tariffs with Negotiation Offers
Following
President Trump's announcement of new tariff policies,
Vietnam and Taiwan have both offered to eliminate
all tariffs on U.S. goods. Additionally, over 50
countries have reached out to the U.S. to begin
trade negotiations, as stated by U.S. National Economic
Council Director Kevin Hassett. These actions are
in response to the U.S. imposing tariffs, with countries
seeking to negotiate new trade deals to mitigate
the impact of these tariffs. (Grok)
News
Bitcoin
Dips Below $80,000, Hits $78,000 Amid Market Liquidation
On
April 6, 2025, Bitcoin experienced a significant
price drop, falling below $80,000 and reaching as
low as approximately $78,000. This decline was accompanied
by a $200 million liquidation from the cryptocurrency
market within the past hour. Ethereum also saw a
decrease, falling below $1,700, marking a notable
downturn in the broader crypto market. (Grok)
News
Trump's
Tariffs Prompt Global Trade Shifts
President
Trump has recently imposed tariffs on several countries,
prompting a variety of responses globally. Vietnam
has proposed eliminating tariffs on U.S. goods following
discussions with Trump, with plans to send diplomats
to Mar-a-Lago to finalize the agreement. In the
UK, Prime Minister Keir Starmer has acknowledged
the failure of globalization and expressed understanding
of Trump's tariff strategy. Meanwhile, business
leaders like Elon Musk have advocated for a zero-tariff
system between the U.S. and Europe to establish
a free trade zone. Public opinion on these tariffs
is divided, with some seeing an increase in Trump's
approval ratings, while others, including investors,
express concerns over economic impacts. (Grok)
World
News, Biz, Markets, Resources, Politics, Media
April
4, 2025
Tariff
wars made the dollar a risky asset
Gold
Movements
in metals have been monumental. A 3% rise deep into
the region of all-time highs for Gold was followed
by a collapse of more than $100 from $3,170 to $3,050
an ounce. On Friday, trading stabilised near $3100,
minimally adding to levels at the opening of the
week.
Tactically,
this is a good time for the bulls to exhale and
lock in profits. This is confirmed by the fulfilment
of an important growth target and the entry into
extreme overbought on weekly timeframes on RSI.
Multi-week corrections started in similar conditions
in 2024.
Oil
Oil
took a double hit in the week in less than 24 hours
when it came under pressure from the macroeconomy
due to tariffs and OPEC+ actions. Tired of waiting
for the global economy to accelerate, the Cartel
switched gears in the battle for market share, pledging
to ramp up production faster than the previously
announced plan.
Similar
moments occurred in March 2020 and December 2014.
On both occasions, oil dipped below $30 a barrel
before finding support in the form of coordinated
action by global producers. In theory, coordination
is now at a higher level, but that doesn't negate
the powerful pressures expected due to the trade
shock and supply expansion.
Technically,
oil is breaking through the bottom of the three-year
range, and the 50-week moving average worked as
resistance for the third time since September. (FxPro)
News
Cryptos
Today
BTC.
$83,789.09. 0.70%
ETH. $1,812.44. 0.36.
USDT. $0.9997. 0.00%
XRP. $2.1330. 2.61%
BNB. $596.22. 0.09%
SOL. $120.95. 3.74%
USDC. $1.0000. 0.01%
DOGE. $0.1696. 3.20%
News
Markets
ASX
200 futures are pointing down 93 points/1.2 per
cent to 7786
AUD
+0.4% to US63.22¢
Bitcoin
-4.7% to $US82,018
Wall
St:
Dow -4%
S&P -4.8%
Nasdaq -6%
VIX +8.26 to 29.77
Gold -0.9% to $US3108.38 an ounce
Brent oil -6.7% to $US69.91 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.04% Australia 4.26%
News
Germany
Considers Gold Withdrawal from U.S. Vault
Germany
is contemplating the withdrawal of approximately
1,200 tons of gold, valued at around $124 billion,
from a U.S. Federal Reserve vault in New York. This
consideration comes in the context of recent U.S.
tariffs imposed by President Trump. The decision-making
process involves senior officials from the Christian
Democratic Union (CDU) Party, who are set to lead
the next German government in the Bundestag. The
potential repatriation of gold has not occurred
since World War II, highlighting the significance
of the current deliberations. (Grok)
News
Bitcoin
Holds Steady Amid Stock Market Turmoil
On
April 4, 2025, the US stock market experienced a
significant drop, with over $1.5 trillion in value
being erased. Amidst this turmoil, Bitcoin has shown
resilience, maintaining its value around $80,000.
Some observers and investors view this as a sign
of Bitcoin decoupling from traditional financial
markets and emerging as a potential safe haven asset,
similar to gold. US Treasury Secretary Scott Bessent
has publicly stated that 'Bitcoin is becoming a
store of value,' reflecting a viewpoint that is
gaining traction among some in the financial community.
(Grok)
News
Coffee
Tariffs Prompt Debate on U.S. Production
The
United States is currently facing a discussion around
proposed tariffs on imported coffee, which could
impact consumer prices. While coffee is grown in
the U.S., primarily in Hawaii, the production volume
is significantly less than the national demand.
Increasing domestic production to meet this demand
presents logistical and time-related challenges,
as coffee plants require several years to mature
and produce a full crop. Opinions vary on the feasibility
and desirability of relying more heavily on American-grown
coffee to circumvent the potential tariff-induced
price increases.
Markets
April
4, 2025
ASX
futures down 74 points or 0.9% to 7805
AUD
+0.6% to US63.35¢
Bitcoin
-4.6% to $US82,296
Wall
St:
Dow
-3.3%
S&P -4.1%
Nasdaq -5.2%
VIX +6.02 to 27.53
Gold -0.7% to $US3112.12 an ounce
Brent oil -6.5% to $US70.09 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.05% Australia 4.26%
Cryptos
Today:
BTC.
$81,846.87. 5.49%
ETH. $1,774.30. 6.24.
USDT. $0.9997. 0.02%
XRP. $2.0101. 6.23%
BNB. $587.77. 2.64%
USDC. $1.0000. 0.01%
SOL. $113.95. 12.19%
DOGE. $0.1581. 8.06%
Media
Man Int X
PRNEWS.IO
businesswire.com
PR
Newswire
The
Australian Financial Review. Subscribe for full
articles
Sky
News Australia
Markets
March
29, 2025
ASX
futures down 91 points/1.1% to 7929
AUD -0.3% at US62.87¢
Bitcoin -3.9% to $US83,810
Dow -1.7%
S&P -2%
Nasdaq -2.7%
Gold +0.7% to $US3077.49 an ounce
Brent oil -0.6% at $US73.61 a barrel
Iron ore -0.2% at $US103.25 a tonne
Markets
March
24, 2025
ASX
futuresdown 0.5 per cent or 41 points to 7945
AUD
flat at US62.73¢
Bitcoin
+1.2% to $US85,147
Wall
St:
Dow +0.1%
S&P
+0.1%
Nasdaq
+0.5%
VIX
-0.52 points to 19.28
Gold
-0.8% to $US3022.15 an ounce
Brent
oil +0.2% to $US72.16 a barrel
Iron
ore -0.5% to $US100 a tonne
10-year
yield: US 4.25% Australia 4.39%
Crypto
Today
BTC.
$85,293.57. 1.15%
ETH. $2,001.72. 0.75.
USDT. $1.0001. 0.03%
XRP. $2.4026. 0.56%
BNB. $622.52. 0.78%
SOL. $132.21. 2.11%
USDC. $1.0003. 0.02%
ADA. $0.7082. 0.59%
Media
Man Group Market Feed
News,
Crypto, Markets, Biz, Politics, Media
March
13/14, 2025
Crypto:
just a bumpy downtrend
Market
picture
The
crypto market declined during the week to a total
capitalisation of $2.5 trillion, a third lower than
the peaks in December last year. However, towards
the end of the week, we could see attempts to stabilise
the market, with a rebound of $2.67 trillion.
Despite
the growth attempts, only if the market breaks above
its 200-day moving average will we be able to take
it as a signal of a return to growth. For now, the
market dynamics resemble no more than just a bumpy
downtrend.
The
story is similar in Bitcoin, where the bears are
regaining control of the market on bounces to the
$83,500 area. A 200-day moving average is near this
level.
Ethereum
is in a steep decline, having pulled back below
$1900. At its low point, it was below $1750. It
hasn't been this cheap since October 2023, losing
over half of its price since its peak in mid-December.
News
Background
Outflows
from spot bitcoin-ETFs in the US continue for the
seventh day in a row, with 19 trading sessions out
of 21 already.
CryptoQuant
calls the range of $75,000 - 78,000 as support,
which coincides with the lower boundary of the realised
price. If the quotes are fixed below this zone,
the $63,000 mark may become a benchmark.
Senator
Cynthia Lummis introduced an updated Bitcoin Act
bill in the US Senate that would allow the government
to store more than 1 million bitcoins as part of
a newly created crypto reserve. The US can buy 200,000
BTC each year for five years, reallocating funds
from the Fed and Treasury Department.
The
US SEC has extended the deadlines for several applications
to launch spot ETFs based on XRP, Solana, Litecoin
and Dogecoin. Bloomberg called the regulator's move
‘expected’ and in line with standard procedures.
(FxPro)
News
The
crypto bounces back from extreme fear
Market
picture
The
cryptocurrency market bounced 2% in the last 24
hours to $2.67 trillion. So far, the situation looks
like a small rebound after the collapse. We should
not talk about the beginning of recovery as long
as the market is below its 200-day moving average
of $2.83 trillion.
Sentiment
in the crypto market has shifted from dread to fear
at 34. The indicator was last higher more than three
weeks ago, indicating that now is a good time to
buy. However, it's worth paying attention to the
nervous stock market before considering investments
in more volatile cryptocurrencies.
Bitcoin
was climbing above $83,000 on Tuesday, hitting resistance
in the form of the 200-day moving average. If a
long-term trend line is repurposed as resistance,
that's a worrisome bearish fact.
Ethereum
ended Tuesday with growth and was trading near $1900
at the start of Wednesday, but this is a timid rebound
within the steep peak the coin has been in since
February 24th and the broader downtrend of the past
three months.
News
Background
CryptoQuant
states a sharp drop in open interest in Bitcoin
and Ethereum futures, suggesting a ‘leverage
washout’ and a chance of market stabilisation.
The Kobeissi Letter admits a wave of short position
unwinding in risk assets after extreme fear levels
are reached.
Clearstream,
the post-trading arm of Deutsche Börse, will
offer cryptocurrency settlement and custody services
to institutional clients as early as next month,
starting with Bitcoin and Ethereum. It then plans
to add support for other cryptocurrencies and services
for staking, lending and brokerage.
Glassnode notes that Solana fell below its realised
price of $134 for the first time in three years.
The metrics show the average cost for investors
to purchase the coin.
According
to Arkham Intelligence, on 11 March, bankrupt exchange
Mt. Gox transferred 11,501 BTC (~$905 million) to
an unknown address. Mt. Gox-related addresses hold
a total of 35,915 BTC worth $2.89bn. (FxPro)
News
Gold
hits fresh record
March
14, 2025
Spot
gold hit a fresh record high on Friday after the
US threatened higher tariffs on the EU, adding to
growing concerns that levies could hamper economic
growth.Prices rose as high as $US2990.02. It came
after spot gold notched its biggest intraday gain
this year on Thursday, rising 1.9 per cent. US President
Donald Trump overnight threatened to impose 200
per cent tariffs on alcohol from the European Union,
after the block set a 50 per cent tariff on American
whisky.
News
Trump
crypto venture has talked to Binance about doing
business
March
14, 2025
World
Liberty Financial, one of the Trump family’s
crypto ventures, has discussed doing business with
the world’s largest digital-asset exchange,
Binance Holdings, according to four people with
knowledge of the talks.
The
exchange’s founder pleaded guilty to failing
to take required measures to prevent terrorists,
child abusers and entities in sanctioned nations
from using its services.
It’s
not clear what stage the discussions have reached
or whether they’ll result in any transactions
or ventures, said the people, who asked not to be
named because the talks are private.
Two
of the people who spoke said conversations have
included the possibility of Binance developing a
stablecoin – a dollar-backed cryptocurrency
– with World Liberty, which President Donald
Trump and his sons began promoting in September.
The Trumps receive three-quarters of World Liberty’s
net revenue, according to its founding documents.
In
addition, representatives of the Trump family have
held talks with Binance about taking a stake in
its US arm, Binance US, The Wall Street Journal
reported on Thursday (Friday AEDT), citing people
familiar with the matter. In a post on X, Binance
founder Changpeng Zhao said he has not held discussions
about a Binance US deal with anyone.
Zhao
pleaded guilty in 2023 to anti-money laundering
failures that allowed Binance to be used by criminal
groups and terrorist organisations, including Hamas.
Zhao,
known as “CZ”, was released from a halfway
house in Long Beach, California, in September after
serving a four-month sentence. Binance paid a $US4.3
billion fine. Zhao has been pushing for the Trump
administration to grant him a pardon, according
to the Wall Street Journal’s report.
Three
months after leaving the halfway house, Zhao met
with Steve Witkoff, a co-founder of World Liberty,
in Abu Dhabi at the Bitcoin MENA 2024 conference,
two of the people said. Witkoff is the president’s
Middle East envoy. He is slated to meet with Russian
President Vladimir Putin this week as part of the
Trump administration’s efforts to halt the
fighting that began when Russia invaded Ukraine
three years ago.
The
substance of Witkoff’s meeting with Zhao in
December is not clear. Talks between the crypto
companies they founded have taken place since then,
according to the four people with knowledge of the
matter.
Witkoff
did not immediately respond to a request for comment,
nor did a White House spokesperson. Witkoff has
said he’s in the process of divesting from
his crypto assets as well as his holdings in real
estate, transferring holdings to his sons to manage
potential conflicts of interest.
A
representative for Binance US declined to comment
on Thursday, and representatives for World Liberty
did not respond to requests for comment.
Zhao
is still Binance’s controlling shareholder,
with a net worth of $US36.9 billion ($58.7 billion),
according to the Bloomberg Billionaires Index. He
stepped down as its chief executive officer in November
2023, when he pleaded guilty to failing to maintain
an anti-money laundering program.
Richard
Teng, who replaced Zhao, said in February that he
sees an opportunity for a “fresh reset and
a restart” under Trump, though he did not specify
any plans. (Full article and coverage via subscription
to The Australian Financial Review)
News
SEC
Proposes XRP as Key U.S. Financial Asset
The
U.S. Securities and Exchange Commission (SEC) has
released a document titled 'Comprehensive Proposal:
XRP as a Strategic Financial Asset for the U.S.'
This proposal explores the potential for XRP to
become a key financial asset, discussing the replacement
of the SWIFT system, legal clarity for XRP, and
economic benefits like unlocking $1.5 trillion in
banking liquidity. Discussions are also underway
regarding whether XRP should be classified as a
commodity, similar to Ethereum, which could influence
its regulatory and market future.
News
Rumble's
Strategic Bitcoin Acquisition
March
13, 2025
Rumble,
a video platform and competitor to YouTube, has
announced the purchase of 188 Bitcoins for approximately
$17.1 million. This acquisition is part of Rumble's
strategy to integrate Bitcoin into its treasury
management, aiming to hedge against inflation and
participate in the growing trend of corporate cryptocurrency
adoption. The move reflects a broader acceptance
of Bitcoin as a legitimate financial asset among
companies.
March
11, 2025
Bitcoin
Plunge and U.S. Crypto Reserve Plan
Bitcoin
experienced a significant price drop, falling below
$80,000 after reaching a high of over $84,000. This
decline contributed to a market cap loss of $100
billion in the cryptocurrency sector. Concurrently,
the U.S. government has announced plans for a Strategic
Bitcoin Reserve, intended to hold cryptocurrency
forfeited through legal actions, sparking discussions
on market stability and government involvement in
crypto. (Grok)
News
US
confirms its critical minerals agenda as fallen
miner AVZ chases an improbable African prize
A
spokesman for the US State Department has confirmed
that the Trump administration is interested in entering
into a critical minerals partnership with the Democratic
Republic of the Congo (DRC). DRC President Felix
Tshisekedi is said to want to strike a deal with
the US to help resolve a conflict with Rwanda-backed
M23 rebels, while any deal between the DRC and the
US could help Australian company AVZ Minerals. AVZ
is seeking to regain control of the Manono lithium
deposit, which it contends was illegally seized
from it by Chinese company Zijin, and it is understood
that the Trump administration would want to see
AVZ regain control of at least some part of Manono
as part of any deal with the DRC. (Roy Morgan Summary)
News
Markets
Australian
Dollar: $0.6282 USD (down $0.0035 USD)
Iron Ore Apr Spot Price (SGX): $102.20 USD (up $1.60
USD)
Oil: (WTI): $66.61 USD (down $1.09 USD)
Gold: $2,983.88 USD (up $52.14 USD)
Copper (CME): $4.9240 USD (up $0.0815 USD)
Bitcoin: $80,472.06 USD (down 2.82% in last 24 hours)
Dow Jones: 40,813.57 (down 537.35 points)
News
Roy
Morgan wins Media Man 'News Services Company Of
The Month' award
News Media
Australia
Peter Dutton More Crypto Friendly And Switched On
Than Albanese (Media Man Group)
News
"Dutton
A Genuine Contender" (Sky News Australia)
Crypto,
Fintech, Markets, News and Politics via Media Man
March
12/13, 2025
The
crypto bounces back from extreme fear
Market
picture
The
cryptocurrency market bounced 2% in the last 24
hours to $2.67 trillion. So far, the situation looks
like a small rebound after the collapse. We should
not talk about the beginning of recovery as long
as the market is below its 200-day moving average
of $2.83 trillion.
Sentiment
in the crypto market has shifted from dread to fear
at 34. The indicator was last higher more than three
weeks ago, indicating that now is a good time to
buy. However, it's worth paying attention to the
nervous stock market before considering investments
in more volatile cryptocurrencies.
Bitcoin
was climbing above $83,000 on Tuesday, hitting resistance
in the form of the 200-day moving average. If a
long-term trend line is repurposed as resistance,
that's a worrisome bearish fact.
Ethereum
ended Tuesday with growth and was trading near $1900
at the start of Wednesday, but this is a timid rebound
within the steep peak the coin has been in since
February 24th and the broader downtrend of the past
three months.
News
Background
CryptoQuant
states a sharp drop in open interest in Bitcoin
and Ethereum futures, suggesting a ‘leverage
washout’ and a chance of market stabilisation.
The Kobeissi Letter admits a wave of short position
unwinding in risk assets after extreme fear levels
are reached.
Clearstream,
the post-trading arm of Deutsche Börse, will
offer cryptocurrency settlement and custody services
to institutional clients as early as next month,
starting with Bitcoin and Ethereum. It then plans
to add support for other cryptocurrencies and services
for staking, lending and brokerage.
Glassnode
notes that Solana fell below its realised price
of $134 for the first time in three years. The metrics
show the average cost for investors to purchase
the coin.
According
to Arkham Intelligence, on 11 March, bankrupt exchange
Mt. Gox transferred 11,501 BTC (~$905 million) to
an unknown address. Mt. Gox-related addresses hold
a total of 35,915 BTC worth $2.89bn. (FxPro)
News
SEC
vs Ripple Case: Negotiations Underway for Settlement
Recent
developments indicate that the legal dispute between
Ripple Labs and the U.S. Securities and Exchange
Commission (SEC) could be nearing a conclusion.
Reports suggest that Ripple's legal team is currently
negotiating more favorable terms related to a $125
million fine and an injunction on XRP sales to institutional
investors. The anticipation of a settlement has
led to increased interest and speculation within
the cryptocurrency community regarding the outcome
and its potential impact on XRP. (Grok)
News
U.S.
Plans Strategic Bitcoin Reserve Acquisition
Senator
Cynthia Lummis has reintroduced the BITCOIN Act,
which proposes that the United States government
purchase one million Bitcoins over five years to
create a strategic reserve. This legislative move
reflects a growing acknowledgment of Bitcoin as
a digital asset for national economic strategy,
garnering support from both traditional financial
sectors and cryptocurrency advocates. Alongside
this, there is an ongoing debate about the implications,
risks, and potential benefits of such a reserve.
(Grok)
News
Trump's
Crypto Banking Deregulation
President
Donald Trump is reportedly planning to sign an executive
order that would reverse regulations set by the
Biden administration aimed at restricting banking
activities for cryptocurrency firms. This move could
impact how crypto companies interact with the Federal
Reserve, potentially leading to greater integration
of cryptocurrencies within the traditional financial
system. (Grok)
News
Rumble's
Strategic Bitcoin Acquisition
Rumble,
a video platform and competitor to YouTube, has
announced the purchase of 188 Bitcoins for approximately
$17.1 million. This acquisition is part of Rumble's
strategy to integrate Bitcoin into its treasury
management, aiming to hedge against inflation and
participate in the growing trend of corporate cryptocurrency
adoption. The move reflects a broader acceptance
of Bitcoin as a legitimate financial asset among
companies. (Grok)
News
Trump
Predicts Market Surge Amid Economic Indicators
President
Trump has publicly stated his belief that the U.S.
financial markets are poised for significant growth,
making his comments at an event with business leaders.
This optimistic forecast follows recent economic
indicators showing inflation cooling to levels not
seen in years, despite mixed responses from markets
regarding Trump's economic policies including tariffs.
(Grok)
News
Ethereum's
Lowest BTC Ratio Since 2020 Triggers Liquidation
Risk
The
Ethereum Foundation faces potential liquidation
of over $100 million in assets if Ethereum's price
drops to $1,100, amidst a historic low in the ETH/BTC
trading ratio not seen since May 2020. This financial
maneuver is part of Ethereum's strategy to manage
its treasury through decentralized finance (DeFi),
highlighting both the risks and innovative approaches
to crypto-asset management in a volatile market.
(Grok)
News
Gold
funds burst out of the blocks in 2025 as returns
rocket
Australian
gold funds are shaping up for a bumper year as mining
companies start to capitalise on record prices,
helping the stocks to finally catch up to the performance
of the precious metal.
Portfolio
managers were left frustrated last year after a
jump in production costs held back ASX-listed gold
producers from riding the rally in the spot prices
to record levels. The VanEck Gold Miners exchange-traded
fund climbed nearly 20 per cent in 2024 versus a
38 per cent rally for the gold price in Australian
dollars.
But
easing cost inflation that has plagued the mining
sector for the last three years and an ongoing surge
in prices has seen the trend reverse course. VanEck’s
Gold Miners ETF is up 17 per cent already this year
while the Aussie dollar spot price has climbed 6.3
per cent.
Local
fund managers are bullish that gold has much further
to run after the US dollar price climbed above $US2942
an ounce for the first time and the Australian dollar
gold price breached $4500 an ounce.
Victor
Smorgon Partners’ Resource Gold Fund returned
a chunky 13.3 per cent in January and portfolio
manager Cameron Judd believes the valuations of
ASX gold stocks still don’t reflect the outlook
for the yellow metal.
“Gold’s
performance in times of uncertainty or crisis could
see it push towards $US3600,” Mr Judd said.
“Despite the strong gold price performance
and fundamentals supporting further appreciation,
gold miners are trading at discounted valuations
on the ASX.”
Wall
Street’s biggest banks believe a $US3000 price
tag is imminent. Citi said it was possible within
the next three months, while JPMorgan has a year-end
target of $US3150. Bank of America said on Thursday
that gold could reach $US3500 an ounce if investment
demand rises 10 per cent this year.
The
unprecedented surge in the gold price has been fuelled
by investors seeking safe haven assets as US President
Donald Trump unleashes aggressive trade and geopolitical
policies. There are fears the president will accelerate
inflation, forcing central banks to raise rates
in a way that damages global growth.
Victor
Smorgon’s top holdings include ASX-listed Vault
Minerals and the world’s largest gold miner,
US-based Newmont, which recently acquired Newcrest.
The fund also owns Australia’s biggest gold
miner Northern Star, which agreed to buy rival De
Grey in a $5 billion deal. (AFR) *Full article and
coverag via subscription to The Australian Financial
Review.
News
Australia
Northern
Star paying top dollar for gold rival
Northern
Star has offered $5 billion to buy De Grey Mining,
with De Grey shareholders to vote on the offer on
16 April. De Grey is the company behind the Hemi
gold prospect in Western Australia, which is thought
to hold at least 11 million ounces of gold and which
is slated to produce 530,000 ounces annually in
its first decade of operation. KPMG, which was engaged
to provide an independent assessment of Northern
Star's offer, has valued DeGrey at between $4 billion
and $4.79 billion, inclusive of a premium for control.
It concludes that the offer is "fair and reasonable
and therefore is in the best interests of De Grey
shareholders, in the absence of a superior proposal".
(Roy Morgan Summary)
News
March
12, 2025
Crypto
market tumbles after stocks
Market
picture
Crypto
market capitalisation has been falling to $2.5 trillion
following the rumbling fall of the US stock market.
It is dipping below the peaks of early 2024 and
late 2021. Previously, a similar decline would complete
a corrective pullback, attracting buyers. However,
the chances of such an outcome are now lower than
in previous years due to the powerful influence
of traditional financial companies, which has strengthened
the link between the crypto market and stock dynamics.
For
now, though, we can argue that there is less terror
in crypto. The Fear and Greed Index is at 24 (+4
points for the day), while the low point was a week
earlier at 10.
Bitcoin
slipped towards $76.5K in the early hours of Tuesday
but has popped above $80K at the time of writing,
approaching Monday’s consolidation levels.
A bearish pattern persists on the daily timeframes,
which suggests a strengthening sell-off after a
failure under the 200-day moving average. The scenario
of a pullback to the $70-74K area still looks the
most probable for us. This is all the truer as the
consolidation and rebound in early March has taken
the short-term oversold stance out of the market.
Ethereum
is trying to find a pivot point after falling towards
$1750 at the start of Tuesday. These were the lowest
values in the last 17 months. On weekly timeframes,
the RSI oscillator hit its lowest point since mid-2022
- near the bottom of the bear market. Does this
signify an opportunity for the recklessly bold or
a breakdown in the leading altcoin? We will find
out in the coming days.
News
Background
According
to CoinShares, global crypto fund investments fell
by $876 million last week after record outflows
of $2.911 billion a week earlier. Investments in
Bitcoin fell by $756 million; in Ethereum, by $89
million. Investments in Solana rose by $16 million,
in XRP by $6 million, and in Sui by $3 million.
As
a result of another recalculation, Bitcoin mining
difficulty increased by 1.43% to 112.15T. The growth
did not compensate for a 3.15% drop two weeks ago.
However, the figure came close to the all-time high
of 114.17T reached in January.
Strategy
(former MicroStrategy) intends to raise $21bn through
the sale of preferred shares as part of its At-The-Market
program. The proceeds will be used to buy Bitcoin
and other corporate purposes. (FxPro)
News
March
11, 2025
US
Senator And Congressman Introduce Strategic Bitcoin
Reserve Bills To Buy One Million BTC
Speaking
at the “Bitcoin for America” summit, lawmakers
announced their plans to create a federal bitcoin
reserve that would see the U.S. buy one million
BTC.
Today
at the Bitcoin Policy Institute’s “Bitcoin
for America” summit in Washington DC, U.S.
Senator from Wyoming Cynthia Lummis announced that
she is going to reintroduce her strategic Bitcoin
reserve legislation in the Senate today.
“I
am so pleased to announce that today I will be reintroducing
The Bitcoin Act,” Senator Lummis stated. “And
I’ll be joined here shortly by Senator Justice
of West Virginia, who is one of the cosponsors.
And we have several other additional cosponsors.
And a lot of it is a result of the excitement that’s
been building.” (Bitcoin Magazine). *Full article
via Bitcoin Magazine
News
XRP
wins Media Man 'Crypto Of The Month' award
News
Markets
Australian
Dollar: $0.6317 USD (up $0.0020 USD)
Iron Ore Apr Spot Price (SGX): $100.60 USD (up $0.15
USD)
Oil (WTI): $67.70 USD (up $1.14 USD)
Gold: $2,931.74 USD (up $13.03 USD)
Copper (CME): $4.8425 USD (up $0.0500 USD)
Bitcoin: $82,880.91USD (up 0.32% in last 24 hours)
Dow Jones: 41,350.93 (down 82.55 points)
News
Roy
Morgan wins Media Man 'News Services Company Of
The Month' award
News
Media
Australia
Peter
Dutton More Crypto Friendly And Switched On Than
Albanese (Media Man Group)
News
"Dutton
A Genuine Contender" (Sky News Australia)
March
10, 2025
ASX
futures are pointing up 69 points, or by 0.9 per
cent, to 8011.
All
US prices are as of 4.15pm Sunday in New York:
Bitcoin
-3.7% to $US83,138
On
Wall St: Dow +0.5% S&P +0.6% Nasdaq +0.7%
VIX -1.5 to 23.37
Gold -0.1% to $US2909.10 an ounce
Brent oil +1.3% to $US70.36 a barrel
Iron ore +0.3% to $US100.70 a tonne
10-year yield: US 4.3% Australia 4.4%
January
10, 2025
ASX
futures up 33 points or 0.4%
AUD
-0.3% to 61.98 US cents
UK pound -0.4% to $US1.2309
Bitcoin -2.9% to $US91,275 at 7.23am AEDT
US markets closed for Jimmy Carter’s funeral
Stoxx 50 +0.4% FTSE +0.8% DAX -0.1% CAC +0.5%
Spot gold +0.3% to $US2671.00/oz at 1.55pm in New
York
Brent crude +1.2% to $US77.08 a barrel
Iron ore +1% to $US97.40 a tonne
10-year yield: US 4.69% Australia 4.48% Germany
2.56%
US prices as of 1.59pm in New York
Markets
January
4, 2025
ASX
futures up 23 points or 0.3% near 8am AEDT
AUD
+0.2% to 62.16 US cents
Bitcoin
+1.2% to $US98,195 at 8.27am AEDT
On
Wall St at 4pm: Dow +0.8% S&P +1.3% Nasdaq +1.8%
In
New York: BHP -0.8% Rio -0.3% Atlassian +3.3%
Tesla
+8.2% Apple -0.2% Nvidia +4.7% Microsoft +1.1%
Alphabet
+1.3% Amazon +1.8% Meta +0.9%
Mara
+14.1% MicroStrategy +13.2% Iren +8.4%
VIX
-1.8 to 16.13 QQQ +1.6% TLT -0.3%
Stoxx
50 -0.9% FTSE -0.4% DAX -0.6% CAC -1.5%
Spot
gold -0.7% to $US2639.37oz at 4.51pm in New York
Brent
crude +0.9% to $US76.58 a barrel
Iron
ore -2.6% to $US98.30 a tonne
10-year
yield: US 4.60% Australia 4.38% Germany 2.42%
US
prices as of 4.54pm in New York
Movie
Box Office (North America)
January
5, 2025
1.
Mufasa: The Lion King - $23.8m
2.
Sonic The Hedgehog 3 - $21.2m
3.
Nosferatu - $13.2m
4.
Moana 2 - $12.4m
5.
Wicked - $10.2m
6.
A Complete Unknown - $8.6m
7.
Babygirl - $4.5m
8.
Gladiator II - $2.7m
9.
Homestead - $2.1m
10.
The Fire Inside $1.2m
CollaboratorPro
NordVPN
NordPass
NordLocker
Mining
News
Mining
industry ‘critical’ to future energy transition
Breton
Technology Middle East and Australia Chairman Lance
Kawaguchi says the mining industry is “critical”
to the future energy transition.
A
prominent tech and manufacturing company is pushing
the boundaries of sustainable mining globally through
the deployment of battery-electric machinery and
advanced autonomous technology.
“Our
mission is to try to do our part to be sustainable,”
Mr Kawaguchi told Sky News Australia.
“What
we are trying to do is to find solutions ... to
still be able to mine but reduce the carbon footprint
and energy consumption.”
Media
Man: Sky's the limited with the right resources,
media and business associates, vision and hard and
smart work!
News
Mining
via Grok
Mining
is an essential industry that involves the extraction
of valuable minerals or other geological materials
from the Earth. Here's an overview based on general
knowledge and contemporary information:
Methods
of Mining:
Underground
Mining: Used for deep mineral deposits. This method
involves creating shafts or tunnels to reach the
ore. It's more expensive and can be hazardous but
is necessary for high-value minerals located deep
underground.
Open
Surface (Pit) Mining: Best for minerals located
near the surface. This method creates an open pit
to extract the ore. It's generally safer and less
expensive than underground mining when the ore body
is near the surface.
Placer
Mining: Utilizes water to extract minerals, typically
gold, from sediments in river channels or other
alluvial deposits.
In-Situ
Mining: Involves dissolving the mineral resource
in place using chemicals and then processing it
at the surface without moving the rock. This method
is often used for uranium.
Environmental
Impact:
Mining
has significant environmental impacts:
Land
Disturbance: Open pits, spoil heaps, and tailings
change landscapes dramatically, often leading to
deforestation and habitat destruction.
Water
Pollution: Mining can lead to acid mine drainage,
where acids and heavy metals leach into water sources,
which is harmful to aquatic life and human health.
Air
Pollution: Dust from mining operations can affect
air quality, and processing some ores releases harmful
gases.
Rehabilitation:
Modern mining practices often include plans for
land rehabilitation post-mining, though the success
of these efforts can vary widely.
Technological
and Economic Aspects:
Technology:
Modern mining uses advanced technology for exploration
(like satellite imagery, geophysical methods), extraction
(automated machinery), and processing (bioleaching,
for instance).
Economics:
Mining can be extremely lucrative, driving economic
growth in many regions. However, the volatility
in mineral prices can lead to boom-and-bust cycles
in mining-dependent communities.
Energy
Transition: There's an increasing focus on mining
due to the demand for minerals critical for renewable
energy technologies (like lithium for batteries).
Social
and Political Dynamics:
Labor:
Mining often employs significant numbers of workers,
but conditions can be tough, leading to labor disputes.
Automation in mining aims to reduce human risk but
also affects employment.
Community
Impact: Mining operations can bring development
to remote areas but also social displacement, health
issues, and conflicts over land use and water rights.
International
Relations: Countries rich in resources can become
focal points for international partnerships or competition,
as seen with rare earth elements or, historically,
with uranium, like the recent interest in Niger's
uranium by countries like Turkey.
Bitcoin
and Cryptomining:
Unlike
traditional mining, cryptocurrency mining involves
solving complex mathematical problems to validate
transactions on the blockchain, which requires significant
computational power and energy. Recent X posts highlight
a growing intersection between digital and physical
mining worlds through themes like Bitcoin mining
games and the environmental debate around the energy
consumption of crypto mining.
This
overview captures the multifaceted nature of mining,
from its methodologies to its broader implications
on society, technology, environment, and global
politics. (Grok)
News/Profile
via Grok
Mining
Industry
The
mining industry continues to evolve, influenced
by various economic, environmental, technological,
and regulatory factors:
Technological
Advancements: The industry is seeing a push towards
automation and the use of advanced machinery, aiming
for efficiency, safety, and reduced environmental
impact. Technologies like autonomous drilling systems,
AI for exploration and mine planning, and IoT for
real-time monitoring of equipment are becoming more
common.
Environmental
Concerns and Sustainability: There's increasing
pressure for the mining industry to adopt more sustainable
practices. This includes efforts to reduce water
usage, lower emissions, rehabilitate mined lands,
and use renewable energy sources in mining operations.
The concept of "green mining" is gaining
traction, where the focus is on minimizing the environmental
footprint throughout the lifecycle of a mine.
Regulatory
Changes: Governments around the world are updating
mining laws to boost growth while ensuring environmental
protection and community rights. For instance, as
seen in posts on X, Indonesia has updated its mining
regulations to streamline operations but also to
ensure compliance and environmental protection.
Demand
for Critical Minerals: The rise in demand for electric
vehicles and renewable energy technologies has shifted
focus towards minerals like lithium, cobalt, nickel,
and copper. These are crucial for batteries and
electronics, leading to what might be described
as a new mining boom for these specific resources.
Economic
Impact and Market Dynamics: The mining sector's
health often serves as a barometer for global economic
activity. Recent sentiment, as reflected on platforms
like X, indicates optimism with expectations of
increased investment in the sector, though there
are calls for more favorable conditions like lower
power tariffs and stable policies.
Supply
Shortfalls: There's growing concern over supply
shortfalls for several key metals due to insufficient
current mining output to meet the rising demand,
especially for those used in high-tech products
and green technologies.
Investment
and Expansion: The industry is looking at significant
expansion, with equipment industries related to
mining expected to grow by a substantial margin.
This growth is driven not just by traditional mining
but also by the need for new mines to meet the demand
for metals critical for the tech and green industries.
Global
Perspective: While the U.S. remains a significant
player, countries like Australia, with its gold
rushes in the past, and now regions in Africa and
South America, are central to the global supply
of various minerals. The strategic importance of
mining in national economies and for global supply
chains continues to be a focal point in geopolitical
discussions.
Social
License to Operate: Mining companies are increasingly
aware of the need for a social license, meaning
gaining community and societal approval, not just
regulatory permits. This involves better engagement
with local communities, more transparent operations,
and contributing positively to the areas they operate
in.
Remember,
while these insights reflect general trends and
sentiments, the mining industry's specifics can
vary greatly by region, the mineral in question,
and current global economic conditions. Always consider
the latest reports and local news for the most current
state of affairs in the mining sector. (Grok)
News
Bitcoin
Mining Profile And News via Grok
Bitcoin
mining is the process by which new bitcoins are
entered into circulation, but it's also a critical
component of the maintenance and development of
the blockchain ledger. Here's a simplified overview
of how it works:
Transaction
Verification: Miners collect transactions broadcasted
to the network into a block. They verify that these
transactions are legitimate according to the rules
of the Bitcoin network (e.g., checking for double-spending).
Creating
a Block: Once a set of transactions are verified,
they are added to a block. Each block contains a
reference to the previous block, forming a chain
(hence, blockchain).
Proof
of Work: Miners must solve a complex mathematical
puzzle that requires significant computational power.
This puzzle is essentially finding a hash that meets
certain criteria (the hash must start with a certain
number of zeros). The difficulty of this puzzle
adjusts to ensure that a new block is mined approximately
every 10 minutes.
Hash:
A hash is a function that converts an input of letters
and numbers into an encrypted output of a fixed
length. In Bitcoin, the SHA-256 hashing function
is used.
Finding
the Solution: The first miner to solve the puzzle
gets to place the next block on the blockchain and
claim the rewards. This process involves a lot of
trial and error, with miners adjusting a value called
the "nonce" in the block header to try
to produce a hash that meets the criteria.
Rewards:
The successful miner is rewarded with:
Block Reward: A set amount of newly minted bitcoins.
This reward halves approximately every four years
in what's known as the "halving." As of
my last update, the block reward was 6.25 bitcoins,
but by 2024, it would have halved again if the schedule
continued as planned.
Transaction Fees: All the transaction fees from
the transactions included in the block.
Energy
Consumption: Bitcoin mining is notorious for its
energy consumption due to the computational power
required for proof of work. This has led to discussions
about the environmental impact of Bitcoin.
Mining
Pools: Because the probability of mining a block
solo has become very low due to the network's total
computational power, many miners join mining pools.
Here, miners combine their computational resources
and share the block rewards according to the amount
of work they contributed to the probability of finding
a block.
Equipment:
Over time, mining has evolved from using CPUs to
GPUs, FPGAs, and now ASICs (Application-Specific
Integrated Circuits), which are designed specifically
for mining and offer significant efficiency improvements.
Decentralization
and Security: The mining process helps to secure
the network by making it economically infeasible
to attack or alter the blockchain. For an attacker
to change any part of the blockchain, they would
need to redo the proof of work for all subsequent
blocks and outpace the honest nodes, which is impractical
without controlling more than 50% of the network's
mining power.
Since
we're now in 2024, if there have been significant
changes or updates to Bitcoin mining practices,
technology, or regulations since my last update,
those would be worth checking out for the most current
information. Would you like me to search for any
recent developments in Bitcoin mining? (Grok)
#Mining
#MiningNews #MiningIndustry #MiningStocks #Energy
#Resources #Technology #Innovation #Blockchaing
#Bitcoin #BTC #newsfeed #newsfeeds #newswire #Grok
#MiningPR #PR #News #media #mediaman #mediamanint
#XMining
Markets
and Commodities
November
1, 2024
Australian
Dollar: $0.6579 USD (up $0.0009 USD)
Iron
Ore Nov Spot Price (SGX): $104.10 USD (up $0.30
USD)
Iron
Ore Dec Spot Price (SGX): $103.80 USD (up $0.28
USD)
Oil
Price (WTI): $70.51 USD (up $1.57 USD)
Gold
Price: $2,746.76 USD (down $38.62 USD)
Copper
Price (CME): $4.3600 USD (up $0.0030 USD)
Bitcoin:
$69,991.53 USD (down 2.58% in last 24 hours)
Dow
Jones: 41,763.46 at 4.09pm NY time (down378.08 points
on yesterday's close)
Markets
and Commodities
October
17, 2024
Australian
Dollar: $0.6670 USD (down $0.0030 USD)
Iron
Ore Nov Spot Price (SGX): $104.55 USD (down $1.85
USD)
Oil
Price (WTI): $70.52 USD (down $0.39 USD)
Gold
Price: $2,673.95 USD (up $12.93 USD)
Copper
Price (CME): $4.3665 USD (up 0.0270 USD)
Bitcoin:
$67,856.42 USD (up 1.50% in last 24 hours)
Dow
Jones: 43,077.70 at 4.20pm NY time (up 337.28 points
on yesterday's close)
Markets
and Commodities
October
10, 2024
Australian
Dollar: $0.6710 USD (down $0.0040 USD)
Iron
Ore Nov Spot Price (SGX): $105.15 USD (unchanged
- public holiday)
Oil
Price (WTI): $73.36 USD (down $0.55 USD)
Gold
Price: $2,607.14 USD (down $15.75 USD)
Copper
Price (CME): $4.4080 USD (down 0.0605 USD)
Bitcoin:
$60,908.07 USD (down 2.11% in last 24 hours)
Dow
Jones: 42,512.00 at 4.20pm NY time (up 431.63 points
on yesterday's close)
Markets
and Commodities
October
4, 2024
Australian
Dollar: $0.6840 USD (down $.0040 USD)
Iron
Ore Nov Spot Price (SGX): $108.75 USD (down $0.20
USD)
Oil
Price (WTI): $73.71 USD (up $2.70 USD)
Gold
Price: $2,656.04 USD (down $2.97 USD)
Copper
Price (CME): $4.5435 USD (down 0.1195 USD)
Bitcoin:
$60,801.67 USD (up 0.09% in last 24 hours)
Dow
Jones: 42,011.59 (down 184.93 points on yesterday's
close)
Market,
Commodities and Financial News
Snapshot
via Media Man
October
4, 2024
ASX
futures down 33 points or 0.4% to 8209 near 6am
AEST
AUD
-0.6% to $US68.44¢
Bitcoin
+1.3% to $US60,954
Dow
-0.6%
S&P
-0.4%
Nasdaq
-0.3%
FTSE
-0.1%
DAX
-0.8%
CAC
-1.3%
Gold
-0.1% to $US2657.32 an ounce
Brent
oil +5.2% to $US77.77 a barrel
Iron
ore +0.6% to $US108.75 a tonne
Cryptocurrency
News via Media Man and FxPro
September
18. 2024
The
crypto market gets a boost from stocks
Market
Picture
The
crypto market has gained 2.1% in the last 24 hours
to reach $2.08 trillion. The rise in the stock market
has brought buyers back to Bitcoin, which has positively
impacted cryptocurrencies. The sentiment index is
still in the fear zone, but at 45, it is already
close to neutral territory. This shows that it is
lagging stocks where sentiment has shifted to 'greed'.
Bitcoin
surpassed $60K, accelerating sharply at the start
of the US session. The price peaked at $61.3K before
retreating to $60.4K at the time of writing.
Despite
some pullback, bitcoin has broken above its 50-day
moving average, suggesting significant upside potential.
However, it isn't easy to rely on today's technical
picture ahead of the Fed's interest rate decision
on Wednesday evening. The next important level is
likely to be around the $64K, where the late August
high and the 200-day average are located.
News
Background
JPMorgan
sees bitcoin hash rate growth slowing as miner revenues
remain at historic lows. Meanwhile, US Bitcoin miners'
share of the network hash rate rose for the fifth
consecutive month to 26.7%, an all-time high.
MicroStrategy
will place $700 million in four-year unsecured convertible
notes to acquire additional bitcoins and fund general
corporate purposes.
According
to Arkham, the Bhutanese government's bitcoin holdings
amount to 13,036 BTC ($770 million), almost three
times El Salvador's reserves. The country has the
world's fourth-largest stockpile of BTCs, derived
from mining by a sovereign wealth fund.
The
crypto industry is no longer able to provide 'dopamine'
to either developers or traders. That is why it
is in crisis, said CryptoQuant CEO Ki Young Ju.
According to him, the crypto industry is gradually
turning into a 'gambling den'.
Developers
Curve Finance and TON Foundation will create a platform
for trading stablecoins on the TON blockchain. The
new initiative will meet the growing demand for
stablecoins and increase the liquidity and popularity
of the network's Web3 ecosystem.
Markets
and Commodities
September
11, 2024
Australian
Dollar: $0.6650 USD (down $0.0010 USD)
Iron
Ore Oct Spot Price (SGX): $91.00 USD (down $1.35
USD)
Oil
Price (WTI): $66.31 USD (down $2.49 USD)
Gold
Price: $2,516.51 USD (up $11.13 USD
Copper
Price (CME): $4.1050 USD (down 0.0365 USD)
Bitcoin:
$57,669.72 USD (down 0.38% in last 24 hours)
Dow
Jones: 40,736.96 at 4.59pm NY time (down 92.63 points
on yesterday's close)
Market,
Commodities and Financial News
Snapshot
via Media Man
September
11, 2024
ASX
futures down 3 points or 0.04% to 7997 near 6am
AEST
AUD
-0.1% to 66.58 US cents
Bitcoin
+1.4% to $US57,885
Dow
-0.3%
S&P
+0.4%
Nasdaq
+0.8%
FTSE
-0.8%
DAX
-1.0%
CAC
-0.2%
Gold
+0.3% to $US2514.88 an ounce
Brent
oil -3.2% to $US69.52 a barrel
Iron
ore -0.8% to $US91.00 a tonne
Movie
Box Office (North America)
September
8, 2024
1.
Beetlejuice Beetlejuice - $110m
2.
Deadpool and Wolverine - $7.2m
3.
Reagan - $5.2m
4.
Alien: Romulus - $3.9m
5.
It Ends with Us - $3.8m
6.
The Forge - $2.9m
7.
Twisters - $2.3m
8.
Blink Twice - $2.2m
9.
Despicable Me 4 - $1.8m
10.
The Front Room - $1.7
others
...
Afraid
Inside
Out 2
Coraline
The
Crow
Trap
Stree
2
Borderlands
Harold
and the Purple Crayon
Cuckoo
Longlegs
The
Firing Squad
A
Quiet Place: Day One
Bad
Boys: Ride or Die
The
Fabulous Four
Fly
Me to the Moon
Raayan
Bad
Newz
MaXXXine
The
Bikeriders
Sound
of Hope: The Story of Possum Trot
Horizon:
An American Saga
The
Lion King
Kalki
2898 AD
Kinds
of Kindness
The
Garfield Movie
Kingdom
of the Planet of the Apes
Jatt
& Juliet 3
Blue
Lock Thee Movie - Episode Nagi
Daddio
Janet
Planet
The
Watchers
IF
The
Exorcism
Thelma
GHOST
Rite Here Rite Now
Furiosa:
A Mad Max Story
The
Fall Guy
The
Strangers: Chapter 1
The
Lord of the Rings: The Fellowship of the Rings
Haikyuu!!
The Dumpster Battle
In
a Violent Nature
Ezra
Sight
*
Correct at time of publication
Markets
And Commodities
August
20, 2024
Australian
Dollar: $0.6728 USD (up $0.0063 USD)
Iron
Ore Sep Spot Price (SGX): $95.00 USD (up $2.70 USD)
Oil
Price (WTI): $74.43 USD (down $2.22 USD)
Gold
Price: $2,504.11 USD (down $4.07 USD)
Copper
Price (CME): $4.1975 USD (up $0.0470 USD)
Bitcoin:
$59,144.75 USD (down 1.09% in last 24 hours)
Dow
Jones: 40,896.53 (up 236.77 points on Friday's close)
News
via Media Man and FxPro
August
16, 2024
Gold:
Third Time Lucky?
Gold
has been rising steadily since the end of last week
and is attempting to consolidate above $2470 per
troy ounce on the spot market for the third time
in the last 30 days. Gold has moved in tandem with
equities this month, but it is worth noting that
it fell less aggressively during the panic and outpaced
the rally.
So,
gold is riding on a global recovery in demand for
risk assets, but it has the fundamental support
in its arsenal that has pushed the price to repeated
all-time highs since March.
A
trend line can be drawn across the local lows of
May from which gold rallied in the early days of
August. Combined with local resistance at $2475,
this forms a bullish triangle with a high probability
of a breakout.
The
next upside target is $2500. This is the psychologically
important round level and the resistance line of
the uptrend drawn by the April, May and July highs.
As
far as more distant growth targets are concerned,
the $2800-2900 area is worth mentioning. The upper
boundary of this range is the 261.8% Fibonacci level
of growth from the September-October 2022 lows to
the April 2023 highs.
The
lower boundary of the range is formed by the 161.8%
level of the growth impulse from the October lows
to the April-May highs. This rally began with the
first signs of a shift in the Fed's monetary policy,
supported by tensions in the Middle East and the
desire of some central banks to diversify their
reserves away from the dollar.
News
Dollar
and risk appetite rise on upbeat data
Weak
macro data in early August triggered a simultaneous
sell-off in equities and the dollar on fears of
an economic meltdown. Over the past ten days, however,
several important statistical releases have changed
expectations.
Thursday's
retail sales and weekly jobless claims figures triggered
a simultaneous rise in the dollar and equities,
a rare and volatile phenomenon in US markets.
Retail
sales rose 1% in July, a decisive step higher after
three months of fluctuating around 0.2%. Excluding
autos, sales rose 0.4%, after gains of 0.8% and
0.3% in the previous two months. The nominal year-on-year
increase of 2.8% does not cover inflation (2.9%),
but it is not yet a nominal contraction as in the
recessions of 2008 and 2020.
The
weekly jobless claims data continues to be positive.
Initial claims fell by 7k after falling by 16k to
227k, the lowest level in five weeks. Almost exactly
a year ago, there was a similar spike in claims,
but it did not lead to a sustained rise in the number,
and the labour market has been surprisingly strong
for many months.
The
dollar has rallied on the back of these reports
as markets revise expectations for the pace of interest
rate cuts in the coming months. This move may be
an attempt by the dollar to reverse the downtrend
that has been in place since April and accelerated
in August.
The
positive reaction of stock indices in the short
term is understandable, as it calms fears of a recession.
In the longer term, however, higher bond yields
will limit the buying of equities.
News
US
inflation hardly justifies a 50 b.p. cut
August
15, 2024
The
US inflation report was in line with expectations,
showing a 0.1 percentage point slowdown in July
to 2.9% y/y for the headline measure and 3.2% y/y
for the core measure, which excludes food and energy.
Tuesday's
producer price data showed a marked slowdown in
the annual rate of growth, from 2.7% to 2.2% y/y
for the headline index and from 3.0% to 2.4% for
the core index. Just as importantly, the data came
in below average analyst estimates, triggering a
wave of dollar selling.
The
markets have been convinced for some time that the
Fed will begin a cycle of rate cuts in September.
The main speculation is for a move of 0.25 or 0.50
percentage points. At the time of writing, interest
rate futures are pricing in a 36% chance of a half-point
cut at once. However, these expectations have weakened
since 5 August due to reduced labour market concerns.
The inflation data alone does not provide a case
for a rate cut, let alone a 50-point cut in September
and a 100-point cut by the end of the year (the
most likely scenario, according to FedWatch estimates).
While inflation is on a downward trajectory, it's
been above the 2% target for three and a half years.
And it will take a prolonged period of below-target
price increases for the Fed to implement its "average
over the period" inflation strategy.
It
is also worth considering the impressive pullback
in oil and agricultural commodity prices to 4–6-year
lows. Their recovery from extreme lows is likely
to be a side effect of policy easing and could trigger
a new wave of price increases, as happened in the
1980s.
Only
the labour market is seen as a real reason for the
Fed to change policy, so mentioning its cooling
was an important point in the official FOMC commentary
on monetary policy. However, we believe that attention
should also be paid to indicators of consumer activity,
including Thursday's retail sales data, the stagnation
of which has become an important harbinger of the
global financial crisis.
Bitcoin
drops 10pc as rout deepens
August
5, 2024
Bitcoin
is under pressure from a bout of risk aversion in
global markets that saddled the largest digital
asset with its heftiest weekly loss since the collapse
of the FTX exchange in 2022.
The
original cryptocurrency sank more than 10 per cent
at one point before paring some of the decline to
trade at $US54,333 ($83,590). The token lost 13.1
per cent in the seven days through Sunday, the most
since the FTX bankruptcy period. Smaller tokens
such as ether and meme-crowd favourite dogecoin
also nursed heavy losses.
The
declines come as a global stock sell-off intensifies,
reflecting concerns about the economic outlook and
questions over whether heavy investment into artificial
intelligence will live up to the hype surrounding
the technology. Geopolitical tension is rising in
the Middle East, adding to investor skittishness.
Bitcoin
exchange traded funds in the US suffered their largest
outflows in about three months on August 2. The
digital asset has also tumbled through its 200-day
moving average price.
The
latter technical chart pattern “opens the way
for a deeper pullback” towards $54,000, Tony
Sycamore, market analyst at IG Australia, wrote
in a note.
Bitcoin
has been buffeted by a range of factors since hitting
a record of $US73,798 in March, including shifting
political fortunes in the US as pro-crypto Republican
Donald Trump and his Democratic opponent, Vice President
Kamala Harris – who has yet to detail a digital-asset
policy stance – lock horns in the presidential
race. (AI News, Wires)
Cryptocurrency
News via Media Man and FxPro
FxPro
PxPro:
News
Cryptocurrency
News via Media Man and FxPro
July
8, 2024
Crypto
Bargain-hunters are back
Market
picture
Bargain
hunters are showing themselves in full force in
crypto. Cryptocurrency market capitalisation rose
3.6% in 24 hours to $2.11 trillion, climbing back
to the top of the range of the past five days. It
will take the market to rise another 2% before we
can say that the bear attack has been repelled.
Until then, we can only talk about consolidation
after the sell-off.
Bitcoin
rebounded to $57.3K after a couple of dips to $54K,
sticking to its descending channel that has been
in force since March, but the price is very dangerously
stuck at the bottom of this corridor. This situation
makes us fear an acceleration of the sell-off with
a potential target in the $50-51K area, where the
crypto market was stagnant in February.
Ethereum
trades at $3050 and remains below the 200-day moving
average but has not given up trying to climb higher.
Here, ETH has a strong support line, which also
attracted buyers in April and May. More on the bulls'
side is that the RSI on daily timeframes rises from
oversold territory. These are promising technical
signals, but the sustained sell-off from the US
and German governments and the overhang of selling
from Mt Gox lenders is clearly undermining the confidence
of too many buyers.
News
background
According
to CoinShares, investments in crypto funds rose
by $441 million last week for the first time after
three weeks of outflows. Bitcoin investments increased
by $398 million, Solana by $16 million, Ethereum
by $10 million.
Recent
price declines, driven by potential selling pressure
from Mt Gox and the German government, were probably
seen as a buying opportunity. Inflows into BTC accounted
for only 90% of the total inflows, as investors
chose to invest in a much broader set of altcoins.
The most notable of these was Solana, which has
received $57 million in investments since the beginning
of the year, making it the most efficient altcoin
in terms of flows, CoinShares noted.
German
authorities continue to transfer Bitcoins to exchanges.
On 8 July, two 250 BTC transfers were made to Coinbase
and Bitstamp platforms. Transactions of 700 BTC
and 500 BTC followed to unidentified Arkham numbers.
The
Bitstamp exchange promised to distribute the payments
from Mt Gox "as soon as possible," despite
having a 60-day deadline. So far, only Japanese
BitBank and SBI VC Trade addresses have been distributed
coins. The three remaining recipients - Bitstamp,
Kraken and BitGo - are still awaiting their turn.
The trustee has 94,771 BTC (~$5.4bn) left to send.
Bitfinex
points out signs of a potential end to the market
correction. Short-term investor selling is potentially
close to exhaustion. Meanwhile, the funding rate
for perpetual BTC contracts has turned negative
for the first time since 1 May.
Sports
News Update
X's
Grok Helps Keep Online Publishers, Newsrooms Up
To Speed; Media Man
August
2, 2024
News
U.F.C.
Abu Dhabi Fight Card
The
UFC event in Abu Dhabi on August 3rd, 2024, is generating
significant discussion among fans and analysts.
The main event features Umar Nurmagomedov against
Cory Sandhagen, with Nurmagomedov being favored
by many. The card includes other notable fighters
like Deiveson Figueiredo, Marlon Vera, and Shara.
Predictions and betting odds are being shared across
social media, and Khabib Nurmagomedov is expected
to be in Umar's corner. The event is free to watch
on ABC Network, further enhancing its accessibility
and viewership. Tony Ferguson has expressed his
desire to continue fighting in the UFC, while other
fighters like Figueiredo and Vera are also generating
interest among fans. The event promises to be an
exciting showcase of talent and competition in the
world of mixed martial arts. (Grok)
News
UFC
Abu Dhabi Event
The
upcoming UFC event in Abu Dhabi on August 2, 2024,
is generating significant buzz, featuring a main
event between undefeated Umar Nurmagomedov and Cory
Sandhagen. The event is free to watch on ABC Network
and includes notable fighters such as Deiveson Figueiredo
and Marlon Vera. The card also features Tony Ferguson,
who has expressed his desire to continue fighting
in the UFC. The event is anticipated to be a major
one, with Khabib Nurmagomedov expected to be in
Umar's corner. Betting predictions and discussions
are prevalent across social media platforms, with
various analysts and fans sharing their insights
and picks for the fights.
News
Survivor
Series: WarGames in Vancouver
WWE
has announced that Survivor Series 2024 will be
held in Vancouver, Canada, marking the first WWE
pay-per-view event in the city since 1998. The event,
featuring the WarGames match format, is scheduled
for November 30 at Rogers Arena. This decision has
sparked excitement among wrestling fans and local
residents, with many expressing enthusiasm about
attending the event in Vancouver. (Grok)
News
SummerSlam
Predictions and Anticipation
WWE
SummerSlam 2024 is generating significant anticipation
among fans, with many expressing excitement and
making predictions about the outcomes of various
matches. Key discussions revolve around potential
returns of prominent wrestlers such as Roman Reigns
and The Rock, as well as the outcomes of matches
like Cody Rhodes vs. Solo Sikoa and Liv Morgan vs.
Rhea Ripley. The event is set to feature a variety
of matches that fans are eagerly awaiting, including
those involving LA Knight, Logan Paul, and Gunther.
The overall sentiment is one of excitement and speculation,
with fans looking forward to a thrilling event.
(Grok)
News
Rampage
Debuts for MxM & Private Party on AEW
All
Elite Wrestling (AEW) is gearing up for an exciting
lineup of events, including the highly anticipated
All In event scheduled for August 25, 2024. The
event is generating significant buzz among fans
and is anticipated to surpass the success of the
previous year's event. The card for All In features
high-stakes matches such as Bryan Danielson putting
his career on the line against Swerve, MJF facing
Will Ospreay, and a tag team grudge match involving
Darby Allin, FTR, and ROH Champion Sussex Co. Chicken
against formidable opponents. AEW is also promoting
other shows like AEW Dynamite and AEW Rampage, which
feature matches like Hangman Page vs. Darby Allin
and MxM Collection's debut against Private Party,
respectively. The promotion is leveraging various
platforms and media to engage with fans and build
anticipation for these events. (Grok)
News
Crawford
vs Madrimov: Pre-Fight Press Conference
Terence
Crawford and Israil Madrimov are set to face off
in a highly anticipated boxing match on August 3rd,
as part of the Riyadh Season Card. The event, which
will be available on PPV, has generated significant
buzz among boxing fans and media. The undercard
for the event is also noted for its quality, featuring
a heavyweight bout between Andy Ruiz Jr. and Jarrell
Miller, as well as other notable fights. The event
is expected to be a major draw, with fans eagerly
anticipating the outcome of the main event between
Crawford and Madrimov. (Grok)
News
TNA
Wrestling: Rascalz vs. Bailey, Seven & KUSHIDA
TNA
Wrestling's iMPACT episode on August 1, 2024, featured
a lineup of exciting matches and events. The show
included a TNA World Title match between Nic Nemeth
and Mustafa Ali, as well as the wedding of PCO and
Steph De Lander. Other matches included The Rascalz
in action against Mike Bailey, Trent Seven, and
KUSHIDA in a six-man tag team match, Frankie Kazarian
vs. Ryan Nemeth, and Jody Threat vs. Masha Slamovich.
The event was broadcasted on various platforms including
TNA+, AXS TV, DAZN, and YouTube, catering to a wide
audience. Fans and wrestling enthusiasts expressed
their anticipation and excitement for the event
across social media platforms. (Grok)
ROH
Ring
of Honor (ROH) is a professional wrestling promotion
recently acquired by Tony Khan, CEO of All Elite
Wrestling (AEW), Chief Football Strategy Officer
of the Jacksonville Jaguars, and GM/Sporting Director
of Fulham F.C. ROH has been holding events and television
tapings, with notable developments including Sammy
Guevara's return to help Dustin Rhodes against the
Dark Order at the July 28th tapings. The promotion
has been building new stars and continues to feature
high-profile matches and events. (Grok)
News
WWE
2K24 Online Stability Hotfix
WWE
2K24 released Patch 1.14 to address online stability
issues, which was automatically applied upon game
loading. The update aimed to fix problems with the
Pat McAfee Show Pack DLC for PS5 users, which was
resolved, allowing the pack to be downloaded. However,
the patch also caused issues with mods on PC, and
some users reported problems with Titantrons in
create an entrance and the unavailability of DLC
for PlayStation 5 users. Despite these issues, WWE
2K24 encouraged players to participate in a giveaway
for SummerSlam and provided a locker code for 7500
VC. (Grok)
Max
Verstappen's Potential Mercedes Move
Speculation
is rife about Max Verstappen potentially joining
Mercedes, fueled by recent high-profile departures
from Red Bull Racing. Despite the rumors, some fans
express skepticism about the likelihood of such
a move. The discussion also touches on the stability
of other drivers' positions within their teams,
with some questioning the rationale behind certain
team decisions. Additionally, there is discussion
about the performance comparison between Verstappen
and his teammate, Perez, at Red Bull Racing. (Grok)
News
Wheatley's
Move from Red Bull to Audi F1
Jonathan
Wheatley, the long-serving sporting director at
Red Bull Racing, is set to leave the team at the
end of the 2024 season to become the new team principal
of the Audi Formula 1 project. This move has been
confirmed by Red Bull and widely reported across
various Formula 1 news outlets. Audi has not officially
commented on Wheatley's appointment, and there are
indications that they were not expecting the announcement.
Wheatley's departure marks a significant change
in leadership for Red Bull and a notable acquisition
for Audi as it prepares to enter Formula 1. The
transition is expected to take place after the 2024
season, with Wheatley remaining in his current role
until then. (Grok)
News
WWE
NXT Great American Bash Week One
The
WWE NXT Great American Bash kicked off with a series
of exciting matches and events, including a WWE
Women's Tag Team Championship match where Alba Fyre
& Isla Dawn defended their titles against Jakara
Jackson & Lash Legend. Other highlights included
a NXT Women’s Championship match between Roxanne
Perez and Thea Hail, a live concert by Joe Hendry,
and a NXT Heritage Cup match between Tony D'Angelo
and Tavion Heights. Fans and commentators expressed
excitement and anticipation for the event, with
many rooting for their favorite wrestlers and speculating
on potential outcomes. (Grok)
News
NXT
Women's Championship: Roxanne Perez Retains
Roxanne
Perez successfully defended her NXT Women's Championship
against Thea Hail in a highly acclaimed match at
NXT GAB. The match was praised for its intensity
and the young ages of the competitors, with both
being under 23 years old. The event also featured
other notable matches, including Joe Hendry expressing
frustration with Gallus and a confirmed match between
Joe Hendry and Joe Coffey for the following week.
The overall event was well-received, highlighting
the talent and potential of the NXT roster. (Grok)
News
Bowlin
Graham's Pocono Win Secures Playoff Spot
Graham
Bowlin secured a spot in the 2024 eNASCAR Coca-Cola
iRacing Series playoffs with a win at Pocono Raceway.
Despite missing out on the playoffs, drivers from
Spire Motorsports expressed pride in their team's
efforts. Nick Ottinger also secured a playoff spot,
marking the seventh consecutive season Team Conti
has fielded at least one car in the post-season.
The playoff lineup includes Steven Wilson, Parker
White, Nick Ottinger, Graham Bowlin, Vicente Salas,
Bobby Zalenski, Tucker Minter, Garrett Lowe, Dylan
Duval, and Daniel Faulkingham. (Grok)
News
CM
Punk's Top 5 Wrestlers of All Time
During
an interview on ESPN's First Take, CM Punk named
his top-5 wrestlers of all time, which included
Harley Race, Terry Funk, Stone Cold Steve Austin,
Eddie Guerrero, and initially Ricky Steamboat, but
he later switched to Roddy Piper. This selection
sparked discussions among fans and commentators,
with some expressing surprise at the absence of
Bret Hart from the list. Punk also highlighted Stone
Cold Steve Austin as the biggest superstar in the
industry. The interview took place ahead of SummerSlam
2024, which is set to occur in a few days, generating
anticipation among wrestling fans. (Grok)
News
Cedric
Alexander's NXT Victory
Cedric
Alexander emerged victorious in a match against
Brooks Jensen on the WWE NXT show. The win was unexpected
by some fans and commentators, and it was celebrated
by many on social media. The event also featured
other matches and announcements, including a promo
by Pete Dunne about his upcoming match with Trick
Williams. (Grok)
News
UFC
Abu Dhabi Event
The
Ultimate Fighting Championship (UFC) is set to host
a highly anticipated event in Abu Dhabi this Saturday,
featuring a stacked card of fights. Notable fighters
on the card include Tony Ferguson, Cory Sandhagen,
and Mackenzie Dern. The event is free and open to
the public, with a live broadcast on various platforms.
Fans and analysts are discussing the matchups and
sharing their predictions and betting tips for the
fights. Cory Sandhagen is a key focus of the event,
with many fans and analysts predicting a strong
performance from him in his fight against Umar Nurmagomedov.
(Grok)
News
AEW
Returns and Criticisms
The
recent episode of AEW's Dynamite received mixed
reactions from fans and critics, sparking discussions
on various aspects of the show. Topics included
the return of a star after a five-month absence,
the company's approach to pushing certain talents,
and comparisons between AEW and WWE. Some fans expressed
disappointment in the show's content and booking
decisions, while others praised specific moments
and storylines. The discourse highlighted a range
of opinions and critiques regarding AEW's current
direction and its relationship with its audience
and competitors. (Grok)
News
AEW
Collision Viewership Drop Amid Summer Events
AEW
Collision viewership experienced a significant drop,
averaging 383,000 viewers with a 0.12 P18-49 rating,
marking a 19% decrease from the previous week. This
decline was attributed to tough competition from
the Olympics. Meanwhile, WWE's SummerSlam is generating
anticipation, with fans expressing mixed feelings
about the event and the potential outcomes for their
favorite wrestlers. (Grok)
News
Grok
Search: TNA Wrestling
Total
Nonstop Action Wrestling (TNA) is an American professional
wrestling promotion founded in 2002 by Jeff Jarrett
and Jerry Jarrett. It is currently owned by Anthem
Sports & Entertainment and is based in Nashville,
Tennessee. TNA was initially known as NWA: Total
Nonstop Action until 2004 when it rebranded to its
current name.
TNA
has been known for its innovative matches and storylines,
and it has featured many notable wrestlers such
as Kurt Angle, Sting, AJ Styles, Samoa Joe, and
Jeff Hardy. The promotion has also been praised
for its women's division, known as the Knockouts
Division, which features some of the top female
wrestlers in the world.
TNA
has faced a number of challenges over the years,
including changes in ownership and a decline in
viewership. However, the promotion has continued
to produce entertaining and innovative content,
and it remains a significant player in the world
of professional wrestling. (Grok)
News
Umar
vs Sandhagen for Title Shot
Umar
Nurmagomedov is set to face Cory Sandhagen at UFC
Abu Dhabi, with the winner potentially earning a
title shot against the victor of the Sean O'Malley
vs Merab Dvalishvili bout. The event also features
Tony Ferguson, who is looking to make a comeback.
The fight card is generating significant interest
and betting activity among fans and analysts. Additionally,
there are discussions about potential matchups for
Shakur Stevenson, including a verbal agreement for
a fight with William Zepeda, although no official
agreement has been reached yet. The event is also
notable for Khabib Nurmagomedov's involvement in
Umar's corner. (Grok)
News
Ruiz
vs Miller: Boxing Showdown in Riyadh
On
August 3, 2024, a significant boxing event is set
to take place featuring several high-profile matches.
The main event includes a face-off between Andy
Ruiz and Jarrell Miller, which has garnered significant
attention and anticipation. Other notable fights
on the card include a matchup between Isaac Pitbull
and Jose Valenzuela, which is expected to be a highlight
of the evening. Additionally, the event features
the return of Andy Cruz against Antonio Moran, adding
to the excitement. The event is part of the Riyadh
Season and will be broadcasted on ESPN Plus PPV.
(Grok)
News
Russell
Disqualified, Hamilton Wins Belgian GP
Lewis
Hamilton was declared the winner of the Belgian
Grand Prix after his teammate George Russell was
disqualified for having an underweight car. Russell
initially crossed the line first but was stripped
of his win due to the technical violation. Hamilton's
victory marked his second win in three races, sparking
discussions among fans and commentators about the
nature of his win and Russell's performance. The
disqualification also led to Oscar Piastri being
promoted to second place, and Charles Leclerc finishing
third for Ferrari. (Grok)
News
F1
Drivers Pole Positions and Race Outcomes Debate
In
recent Formula 1 races, Charles Leclerc has been
praised for his ability to secure pole positions
and maintain leads in a slower car, contrasting
with Lando Norris's performance in a faster car.
Max Verstappen has consistently performed well,
often starting from lower positions and finishing
higher, despite debates about the relative performance
of his car. The current season is highly competitive,
with several drivers from different teams closely
competing in points, highlighting the tight competition
in Formula 1. (Grok)
News
US
Women's Rugby Wins First Olympic Medal
The
United States women's rugby sevens team won their
first Olympic medal, a bronze, in a dramatic match
against Australia at the 2024 Paris Olympics. The
victory was sealed by a last-minute try and conversion
by Alex Sedrick. Meanwhile, Simone Biles led the
United States to a dominant victory in the women's
gymnastics team final, securing her fifth career
Olympic gold medal and becoming the most decorated
U.S. Olympic gymnast in history with a total of
8 medals. (Grok)
Media
Man Int
Sports
News (Media Man Int)
https://www.mediamanint.com/articles2.html
Pop
Culture News (Media Man Int)
https://www.mediamanint.com/pop_culture.html
Wrestling
News (Media Man Int)
https://www.mediamanint.com/wrestling_news.html
X
News (Media Man Int)
https://www.mediamanint.com/x_news.html
Trending
News (Media Man Int)
https://www.mediamanint.com/trending_news.html
#ProWrestling
#Wrestling #MMA #Boxing #Motorsport #F1 #Formula1
#PopCulture #CombatSports #PPV #LiveSport #LiveSports
#MainEvent #MainEvents #sportsnews #sportsmedia
#sportstourism #sportsbusiness #sportsbiz #YouTube
#YT #Video #broadcast #Highlights #trend #trends
#AINews #newswire #newsfeed #buzz #media #Grok #XSports
#XCombat #XNews #GrokSports #GrokNews
(Image:
A.I)
July
1, 2024
Buyers
failed to pick up on the crypto market
Market
picture
The
crypto market has been enjoying an influx of buyers
since Saturday, with a visible acceleration on Monday.
Over the past 24 hours, capitalisation has risen
3.6% to $2.33 trillion. Last week’s drop in
the crypto sentiment index to 30 (fear zone) reversed
the price twice, showing that the market is dominated
by a ‘buy the dip’ pattern.
Bitcoin
is trading near $63.3K, adding 5% since Saturday
morning and reaffirming the importance of support
at 61.8% of the Jan-March rally. From another perspective,
Bitcoin is adding and bouncing off the lower boundary
of the downward channel. Likely, the price is now
moving towards the upper boundary at $67K. However,
cautious buyers may prefer to wait for confirmation
with the price rising above $72-73K - the pivot
area of the last four months - which would be confirmation
of the start of a new impulsive wave of growth.
Bitcoin
ended June down 8.5% to $61.9K. In terms of seasonality,
July is considered quite successful for BTC, adding
eight times (22.3% on average) out of the last 13
and declining on five occasions (-7.8% on average).
News
background
In
terms of on-chain analysis, quotes have crossed
the realised price level of short-term holders at
$62,000, which historically can act as support during
corrections in bull markets.
According
to Arkham data, German authorities sent another
595 BTC worth ~$36.6 million to crypto exchanges
on 26 June. Authorities began actively moving the
cryptocurrency on 19 June, when some of it first
hit the Kraken and Bitstamp exchanges.
Bitwise
forecasts net inflows into spot ETH-ETFs in the
US of $15bn in the first 18 months. Bloomberg expects
trading in the new product to start on 2 July.
Solana
Foundation has launched tools that enable it to
turn any website or app into a gateway for cryptocurrency
payments and other blockchain transactions.
On
26 June, the Blast development team completed the
first phase of an airdrop, distributing 17 billion
BLAST tokens (17% of the total issuance). Blast
is an Ethereum-based layer 2 (L2) network that was
launched in November 2023 by Blur founder under
the pseudonym Pacman. In terms of blockchain value
locked (TVL), the Blast ecosystem is ranked sixth
in the DeFi Llama ranking with a value of $1.58bn.
Media Man Int
Business
News (Media Man Int) http://mediamanint.com/articles/business_news.html
Bitcoin
News (Media Man Int) http://mediamanint.com/bitcoin_news.html
Blockchain
News (Media Man Int) https://mediamanint.com/blockchain_news.html
Cryptocurrency
News (Media Man Int) http://mediamanint.com/cryptocurrency_news.html
Gold
Directory (Media Man Int) http://mediamanint.com/articles/gold_directory.html
Mining
Directory (Media Man Int) *in progress http://mediamanint.com/articles/mining_directory.html
Commodities
News (Media Man Int) *in progress http://mediamanint.com/commodities_news.html
Donald
Trump to Headline Bitcoin 2024 Conference in Nashville
July
11, 2024
Former
President Donald Trump has been confirmed as a keynote
speaker at the upcoming Bitcoin 2024 conference
set to take place in Nashville, Tennessee.
This
news comes as a significant development for the
event, known for its major industry announcements
and influential speakers. The conference, which
has previously been hosted in Miami, has established
itself as a platform for groundbreaking news within
the cryptocurrency space.
Bitcoin
2021, the inaugural conference, made headlines when
El Salvador officially declared Bitcoin as legal
tender. The subsequent Bitcoin 2022 and Bitcoin
2023 conferences continued the trend of notable
moments, including a powerful speech by U.S. Presidential
candidate Robert F. Kennedy Jr. in support of the
Bitcoin industry.
This
year, the shift of the conference location from
Miami to Nashville signifies its increasing prominence
on the global stage. With two former U.S. Presidential
candidates, Robert F. Kennedy Jr. and Donald Trump,
slated to speak, Bitcoin 2024 is anticipated to
be a pivotal event that could potentially impact
the future trajectory of Bitcoin and cryptocurrency
policies in the United States.
Donald
Trump’s participation in the conference is
especially noteworthy considering his recent engagements
with the Bitcoin community. Earlier this year, Trump
met with prominent U.S. Bitcoin miners, including
representatives from CleanSpark, where he reiterated
his support for Bitcoin mining both domestically
and internationally. In a statement, Trump pledged
to prioritize the development of Bitcoin and crypto
initiatives in the United States and safeguard the
rights of the nation’s 50 million crypto holders
if re-elected as president.
As
Trump embarks on his presidential campaign, his
alignment with the Bitcoin industry stands in contrast
to the position of his potential rival, President
Joe Biden, who has shown less enthusiasm towards
the cryptocurrency sector. While Biden’s participation
in Bitcoin 2024 remains unconfirmed, the event could
underscore the divergent approaches of the two candidates
towards Bitcoin and its implications for U.S. policies.
For
additional details on the Bitcoin 2024 conference
and to secure a discounted ticket using a promotional
code, interested individuals can visit the official
event website. Bitcoin Magazine, a subsidiary of
BTC Inc, the organizer of the largest Bitcoin conference,
The Bitcoin Conference, will be overseeing the event.
Websites
Bitcoin
2024
https://b.tc/conference/2024
Bitcoin
Magazine
https://bitcoinmagazine.com
Media
Man News Blog
Media
Man Int LinkedIn
News
Find
your niche business sector For The Internet Matrix
and beyond
Marketing
Directory
Give
him a Tingle
Show
Me The Money!
Advertising
Agencies - Why We Need Them
Battle
for the sports entertainment dollar; Australian
and international opportunities, threats and unknowns
Advertising
and media rights, plus ticket sales, make the world
go round for WWE, UFC, Bellator, Boxing, Australian
cricket under pressure for men and women competitors
How
UFC Got Social Media Right; WWE taking the fight
online via social media and people power
Powerhouse':
WWE, UFC merge to create $21b sporting giant
PRNEWS.IO
CoinSpot
BET
USR
MyBookie
MyBookie:
Wrestling MyBookie:
MMA
John
Shakespeare Illustrations
Advertise
and promote your business or brand with Human Statue
Bodyart, Media Man International, Media Man Australia
and Greg Tingle Promotions
"Without
promotion, something terrible happens... nothing!"
- P. T. Barnum
Coca-Cola
gets bodypaint by Human Statue Bodyart; Sydney,
Australia
Niche
media, marketing and media campaigns the way to
go, says Media Man agency
Buy
and Sell advertising, text links, banners, product
/ brand placement, social media inclusion, editorial,
buzz and more via Media Man Int and Media Man Australia
Ambush
Marketing: Messages On Hold - Media Man Int and
Media Man Australia profile
Media
For Good Project - Media Man Int and Media Man Australia
A
joy and an honour for Botany resident, by Cara Davis
- 30th January 2007
Poker,
Casino, Gaming, Sports Betting and eSports via Media
Man Network and media partners
Australian
Sports Entertainment (Australian advertising,
media and promotional opportunities)
Sports
betting and Fantasy Sports advertising, publicity
and media opportunities available via Media Man
Int, Media Man Australia and Australian Sports Entertainment
Major
Online and Traditional Advertising, Publicity and
Brand Sponsorships available via Media Man group;
Media Man Int and Media Man Australia
News
5
Ways Every Business Can Save Money
American
brands, advertising agencies, creative agencies,
marketers collaborating and working with Media Man
Agency - Media Man Int and Media Man Australia to
grow brand, business in Australia, Asia Pacific
How
Gaming Subscriptions Currently Square Up to Google
Stadia
Cola-Cola;
King of free publicity: Media Man Int, Media Man
Australia and Cafe News Media profile
Buy
and Sell advertising, text links, banners, product
/ brand placement, social media inclusion, editorial,
buzz and more via Media Man Int and Media Man Australia
Media
For Good Project - Media Man Int and Media Man Australia
Budde
Comm
